Florida State coach Jimbo Fisher has big buyout in new contract
Florida State head coach Jimbo Fisher's contract extension includes a $5 million buyout if he chooses to leave the school before the end of the 2016 season.
The school released the details of Fisher’s contract eight-year contract extension following a public records request by the Associated Press.
Fisher, 49, will make a $5 million base salary starting this season. His contract calls for sliding scales. He would owe $3 million if he leaves before December 2018 and $1 million after January 1, 2019. The contract makes him among the highest-paid coaches in college football.
Fisher will receive a $1.2 million “completion benefit” if he is still the coach at the end of the contract.
Fisher will receive a $100,000 raise each year until the 2022 season, and the contract includes bonuses for conference titles, reaching the College Football Playoff, end-of-year finish in the CFP poll and national championships.
Fisher has a 58-11 record in five seasons as Florida State’s head coach.
The Seminoles have won three straight ACC titles and won the 2014 BCS Championship. This season, Florida State had its 29-game winning streak snapped after a 59-20 rout at the hands of Oregon in the CFP semifinals at the Rose Bowl on Jan. 1.
- Scooby Axson