Jimbo Fisher Contract: What Is Jimbo Fisher’s Buyout if Fired by Texas A&M?

min read
Texas A&M head coach Jimbo Fisher watches his team during warmups before the starts of an NCAA college football game against Mississippi Saturday, Oct. 29, 2022, in College Station, Texas. (AP Photo/Sam Craft)
(AP Photo/Sam Craft)
Andrew Doughty @DoughtyBetMGM Nov 26, 2022, 10:10 AM
  • Jimbo Fisher signed a new contract in 2021.
  • His salary is $9 million in 2022.
  • Texas A&M is 38-22 in Fisher's five seasons.

While announcing a four-year contract extension and seven-figure annual raise for Jimbo Fisher in September 2021, Texas A&M athletics director Ross Bjork said the Aggies are “on the right track to building towards championship-level success.”

Since that comment, Texas A&M is 12-10 overall and 5-9 in the SEC, most recently beating lowly UMass in Week 12. Before the uninspiring win over the Minutemen, the Aggies’ six-game losing streak might have put Jimbo on the college football hot seat despite a massive buyout.

What Is Jimbo Fisher’s Contract?

Jimbo Fisher was introduced as Texas A&M head coach on Dec. 4, 2017, but didn’t officially sign the 10-year, $75-million contract until Aug. 17, 2018. The deal was fully guaranteed.

His four-year extension was approved by the Texas A&M University System Board of Regents on Sept. 1, 2021, and began in 2022 with a $9-million salary, which increases each year through 2031:

  • 2022: $9,000,000
  • 2023: $9,150,000
  • 2024: $9,250,000
  • 2025: $9,350,000
  • 2026: $9,450,000
  • 2027: $9,550,000
  • 2028: $9,650,000
  • 2029: $9,750,000
  • 2030: $9,850,000
  • 2031: $9,950,000

What Is Jimbo Fisher’s Buyout?

If fired before his contract terminates on Dec. 31, 2031, Jimbo Fisher is due a buyout “in an amount equal to the total compensation that would have been paid to [him] for the remaining term,” i.e., every dollar of the contract.

If fired, for example, on Jan. 1, 2023, for simplicity’s sake, Fisher’s buyout would be $85,950,000.

Termination DateBuyout
Jan. 1, 2023$85,950,000
Jan. 1, 2024$76,800,000
Jan. 1, 2025$67,550,000
Jan. 1, 2026$58,200,000
Jan. 1, 2027$48,750,000
Jan. 1, 2028$39,200,000
Jan. 1, 2029$29,550,000
Jan. 1, 2030$19,800,000
Jan. 1, 2031$9,950,000

“These guys don’t fool around . . . $90 million buyout? That doesn’t faze these guys,” Paul Finebaum told Matt Barrie on Oct. 2, referring to Texas A&M’s donors potentially paying the buyout. “They’re embarrassed right now.”

Fisher’s current buyout is more than four times larger than the largest paid buyout in college football history; Gus Malzahn’s buyout was $21.45 million when fired by Auburn in 2020.

Texas A&M win over UMass moved Fisher to 38-22 overall – fewer wins than Kevin Sumlin had through 58 games – and 22-18 in SEC games in five seasons as Aggies’ head coach. And Fisher is undoubtedly closer to the hot seat than “championship-level success.”

As of Saturday morning, the Aggies are a 10.5-point home underdog to LSU. It’s the fourth time they’ve been a double-digit home dog in Fisher’s five seasons after only two instances the previous eight seasons.

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About the Author

Andrew Doughty

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Andrew Doughty is a writer for BetMGM with a focus on college football, NFL, college basketball, and NASCAR. A graduate of the University of Kansas, he previously wrote for Sports Illustrated and HERO Sports.

Andrew Doughty is a writer for BetMGM with a focus on college football, NFL, college basketball, and NASCAR. A graduate of the University of Kansas, he previously wrote for Sports Illustrated and HERO Sports.