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University to pay football coach $75 million to stop coaching

Home> News> Sport

Published 12:10 13 Nov 2023 GMT

University to pay football coach $75 million to stop coaching

Texas A&M University fired the coach following a win for the team

Emily Brown

Emily Brown

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Featured Image Credit: Matthew Visinsky/Icon Sportswire via Getty Images/Tim Warner/Getty Images

Topics: Money, Football, Sport, Texas

Emily Brown
Emily Brown

Emily Brown is UNILAD Editorial Lead at LADbible Group. She first began delivering news when she was just 11 years old - with a paper route - before graduating with a BA Hons in English Language in the Media from Lancaster University. Emily joined UNILAD in 2018 to cover breaking news, trending stories and longer form features. She went on to become Community Desk Lead, commissioning and writing human interest stories from across the globe, before moving to the role of Editorial Lead. Emily now works alongside the UNILAD Editor to ensure the page delivers accurate, interesting and high quality content.

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It's great to be paid the big bucks for your work, but what does it say when your employer literally pays millions of dollars to stop you from working?

It's probably not quite so satisfying - though I suppose at least you're still getting paid.

This is the position Texas A&M coach Jimbo Fisher has found himself in after the University decided to fire him on Sunday (12 November), six years into a 10-year contract.

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Fisher left Florida State University for the job, which in September 2021 went on to be extended until 2031.

School leaders were confident in Fisher's ability, so much so that they revealed a national championship trophy with '20--' engraved on it, hinting that the coach would be the one to bring them to victory.

However, this weekend Texas A&M athletic director Ross Bjork said in a statement that officials had found firing Fisher was 'necessary'.

Jimbo Fisher joined A&M in 2017.
Matthew Visinsky/Icon Sportswire via Getty Images

"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," Bjork said.

"We appreciate Coach Fisher’s time here at Texas A&M and we wish him the best in his future endeavors."

Under Fisher's leadership, the A&M team never won more than nine games in any season.

Firing Fisher doesn't come cheap, though, as he received a raise earlier this year which brought his annual salary to $9.15 million.

The university had promised Fisher almost $100 million over 10 years overall, according to Bleacher Report, and thanks to his contract he's now set to be the recipient of what is believed to be the largest buyout ever made in college sports history.

Jimbo Fisher's payout is the largest in college sports history.
Tim Warner/Getty Images

The terms in Fisher's contract mean he's owed the entirety of what remains on his deal, which is more than $75 million.

With Fisher no longer in charge, The Aggies are 6-4 with just two games left this season.

However, they did emerge victorious in their last game with the coach on Saturday, when they won 51-10 victory against Mississippi State.

Speaking about the season after the game, Fisher said: "It’s not frustrating, but it’s disappointing at times.

"Like I’ve said, we’re three or four plays from playing in a playoff spot. But we’ve got to put that past us and grow from it and learn from it for next year."

The Aggies are now looking ahead to regular-season games against Abilene Christian and LSU.

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