Breakdown of Jimbo Fisher’s $76 Million Payout: How Much Does Texas A & M Have to Pay Departing Coach Every Year?

Published 11/14/2023, 8:56 AM EST

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Jimbo Fisher might not have created history with Texas A&M, but he sure did so after leaving them. The Aggies coach guided the team as a head coach since 2018. After his $95 million contract extension in 2021, Fisher earned approximately $9 Million annually, which concluded on Sunday morning. However, the head coach is yet to receive some finances. Now, even after two days of being fired, his buyout news is still sizzling like a furnace. But no one is the blame, as the coach’s buyout numbers have staggered the college football community.

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After his termination, the coach will receive the remaining amount, which would cost the Aggies more than $75 million. And it’s not just the massive amount that makes it such a widely talked about topic. It is a fact that the college football community is witnessing startling numbers for the second time ever, after Bulldogs and its former head coach, Kirby Smart’s $92 million partition.

Jimbo Fisher: Buyout breakdown

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Fisher’s farewell was planned not after looking at his 51-10 victory over Mississippi State a day before breaking the news, but his overall 6-9 conference record since the beginning of 2022. However, the amount might be a tad too costly for A&M as they would be paying 25% of the buyout amount to be paid immediately, following which the remaining amount will be paid as per the breakdown.

  • Within 60 Days: $19.4 million
  • Within 120 Days: $7.27 million
  • 2025: $7.27 million
  • 2026: $7.27 million
  • 2027: $7.27 million
  • 2028: $7.27 million
  • 2029: $7.27 million
  • 2030: $7.27 million
  • 2031: $7.27 million

Furthermore, Ross Bjork, the director of athletics at Texas A&M, gave some clarifications on the sourcing of the ‘monumental’ finances for the deal. “We will use unrestricted contributions within the 12th Man Foundation for the first one-time payments and the athletic department will fund the annual payments for the remaining portion by growing our revenues and adjusting our annual operating budget accordingly,” commented Bjork.

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Bjork on Fisher’s deal

As the fans witnessed, the Aggies had a fairly better season this year with an overall score of 6-4. However, the same could not be said about the previous seasons as well, with A&M’s record of 2-6. Hence, the authorities felt the team was being led towards nowhere.

Read Also: 4 Reasons Why Deion Sanders Won’t Leave Colorado for Texas A&M Amid Increasing Rumors Post HC’s $75 Million Dismissal

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When asked about it Bjork replied, “In my analysis, I determined that–at this point, for lots of reasons–our program is stuck in neutral. I did not feel like we were meeting those standards in excellence and leadership.” After sorting out Fisher’s deals, Texas A&M will be on the lookout for a new head coach to guide the team.

Watch this story: Coach Jim Harbaugh sets the record straight on Michigan’s sign-stealing incident.

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Written by:

Pankti Parmar

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"That's where my mindset is at." I, Pankti Parmar, felt it when Brock Purdy said this. I use my background in psychology to seamlessly cover various dimensions of iconic NFL players' lifestyles.
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Edited by:

Tripti Sarda

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