- 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.
|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.
College Football Betting at BetMGM
BetMGM is the premier destination for all college football betting.
Whether you want to bet college football spreads, build moneyline parlays, or view live betting odds, there are opportunities for everyone to get closer to the action and take football entertainment to the next level.
Visit the sportsbook today to see updated odds!