11-12-2023, 07:57 PM
Texas A&M fired coach Jimbo Fisher on Sunday morning, a move that resets the paradigm for coaching buyouts and opens up one of the country's most tantalizing jobs.
The move is expected to cost the school more than $76 million to buy out Fisher's deal, which is nearly triple the highest known coaching contract buyouts at a public school.
According to the terms of the contract, Texas A&M will owe Fisher $19.2 million within 60 days and then pay him $7.2 annually through 2031. There is no offset or mitigation on those payments, and the annual payments start 120 days after termination.
https://www.espn.com/college-football/st...es-confirm
I wish I could have found a job that paid me $76 million when I got fired for poor performance. For that money, I could suck at anything.
The move is expected to cost the school more than $76 million to buy out Fisher's deal, which is nearly triple the highest known coaching contract buyouts at a public school.
According to the terms of the contract, Texas A&M will owe Fisher $19.2 million within 60 days and then pay him $7.2 annually through 2031. There is no offset or mitigation on those payments, and the annual payments start 120 days after termination.
https://www.espn.com/college-football/st...es-confirm
I wish I could have found a job that paid me $76 million when I got fired for poor performance. For that money, I could suck at anything.