The deal averages $5.5 million per season, making him among the top three highest paid coaches in college football, reports Feldman.
The Seminoles have currently won 29 straight games under Fisher and captured the national championship last season. This season, Florida State won the ACC Championship after going 13-0 and is seeded third in the inaugural College Football Playoff.
From a statement by Florida State athletic director Stan Wilcox:
"I am pleased that we have been able to secure Coach Fisher as our head coach for the long term. The commitment we are making to him is a reflection of the outstanding job he has done in leading our program to its current level of excellence. While we are delighted with the undefeated season this year and our upcoming appearance in the inaugural College Football Playoff, we began working on this new contract before the success of this past season was in full view. It is a great day for Florida State."
Fisher took over as head coach of FSU in 2010, after three seasons of being an assistant coach. He has a 58-10 overall coaching record.
Florida State plays Oregon on Jan. 1 in the CFP semifinals.
- Molly Geary