New details have emerged regarding Florida State head coach Jimbo Fisher’s contract extension, attained through a public records request. The contract will last through the 2018 season, with a $225,000 base salary and additional compensation each year as follows:
Jimbo Fisher contract extension details: Salary, bonuses, and buyout
The Florida State head coach has taken a new approach to buyouts.
Matthew Emmons-USA TODAY Sports
- 2014 -- $3.275 million
- 2015 -- $3.5 million
- 2016 -- $3.776 million
- 2017 -- $4 million
- 2018 -- $4.274 million
That’s a healthy chunk of coin, and it’s made even better by his bonuses. Fisher will make:
- $100,000 for a division title
- $100,000 for a conference title
- $75,000 for making the playoffs
- $200,000 for making the national title game
- $200,000 for winning the national title game
- $100,000 for a non-national title game major bowl game
- $50,000 for a non-major bowl game
- $200,000 for a top-five finish
- $100,000 for a top-10 finish
- $200,000 for an undefeated season
- $75,000 for winning National Coach of the Year
- $50,000 for ACC Coach of the Year
- $25,000 for a graduation rate between 65% and 84%
- $50,000 for a graduation rate above 84%
- $25,000 for an APR rating of .930 or higher
Basically, if Jimbo had this contract this year, he would have made an additional 675K, and if FSU wins tomorrow, $1.1M in bonuses.
— TomahawkNation.com (@TomahawkNation) January 5, 2014 Fisher will also make an additional $100,000 at the end of each season as well as $125,000 for running his offseason camp.
Perhaps the most interesting detail is the buyout clause, which is tied to Fisher’s assistant coaches. If he leaves for another job, he has to buy out the contracts of any assistant coaches that do not stay with the new staff -- as a part of the contract, he added $500,000 to their contract pool, and if all coaches left he would owe them approximately $5.4 million, if Fisher left early.
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