Jimbo Fisher’s tenure at Texas A&M came with a lot of hope, without a lot of success. The Aggies did not reach the mountaintop as they had expected under the former national championship coach at Florida State.
In fact, they were a running joke in college football with records consistently hovering around 8-4.
With another season of at least four losses set to finish with two final regular season games against an FCS program and LSU, Fisher will not be on the sideline moving forward. He was fired on Sunday.
Texas A&M will pay him north of $75 million not to be the head coach coach at Texas A&M. As things currently stand with contracts across the country, Fisher’s buyout structure makes him one of the 20 highest-paid coaches in college football for the next eight years, even though he will be unemployed.
Think about that for a second. Jimbo Fisher will receive one of the 20 largest annual payments within the sport, of which there are 131 FBS programs. He will receive that money… to do nothing!
The Aggies must pay Fisher $77,562,000. They will owe him $19,390,625 within the next 59 days. That number will be covered by the 12th Man Foundation. Everything else — eight annual payments of $7,271,484 through 2031 — will be handled by the athletic department.
Fisher is unemployed as of Sunday morning. He will get paid nearly $20 million from the school that fired him before the end of January. He will then get paid more than $7 million every year for the next eight years by the school that fired him.
As a result, Fisher will be in the top 15% of highest-paid coaches in the country while not coaching for nearly a full decade. Being a fired football coach is the best job in the world!