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Florida State head coach Jimbo Fisher's new contract includes a $5 million buyout if he choose to leave the school before the end of the 2022 season.

By SI Wire
January 29, 2015

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.

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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.

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