Pete Thamel, ESPNNov 12, 2023, 09:28 AM ET
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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.
“After very careful analysis of all the components related to Texas A&M football, I recommended to President [Mark] Welsh and then Chancellor [John] Sharp that a change in the leadership of the program was necessary in order for Aggie football to reach our full potential and they accepted my decision,” Texas A&M athletic director Ross Bjork said in a statement. “We appreciate Coach Fisher’s time here at Texas A&M and we wish him the best in his future endeavors.”
Fisher was 45-25 in six seasons at Texas A&M, and he signed a new