Jimbo Fisher Fired by Texas A&M Despite $75 Million Left on Contract – Jimbo Fisher will be generously compensated to part ways with Texas A&M, as the school terminated the 58-year-old coach on Sunday. He is set to receive a buyout exceeding $75 million, as reported by Yahoo Sports, despite having eight years remaining on his contract. On Thursday, school officials convened to assess Jimbo Fisher’s future with the football program amid a disappointing 6-4 season.
The verdict has been reached to part ways with the coach, as reported by multiple sources. “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 athletics director Ross Bjork said in a statement.
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“We appreciate Coach Fisher’s time here at Texas A&M and we wish him the best in his future endeavors.” In 2017, Fisher inked a $75 million, 10-year deal with Texas A&M, departing from Florida State after eight seasons and a national championship. His contract was later prolonged in 2021, securing him $95 million over the course of 10 years until the 2031 season.
During his six-year tenure as the Aggies’ head coach, Fisher is set to earn around $2.6 million per victory. Although the peak of Fisher’s time with the Aggies was in 2020, achieving a 9-1 record and winning the Orange Bowl, the program has experienced a decline since then. In 2021, Texas A&M recorded an 8-4 season, but experienced a decline to a 5-7 record last year.
This season, the Aggies faced setbacks with a loss to Miami (Fla.) in Week 2, followed by consecutive defeats to Alabama and Tennessee in October, and another loss to Ole Miss on Nov. 4. Securing a victory against Mississippi State last Saturday brought their record to 6-4, but the head coach’s fate was sealed by 10 losses in his last 15 games against Power 5 opponents. Fisher concluded his six-year stint with Texas A&M with a record of 45-25.