Tallahassee, Fla. -- Florida State Director of Athletics Randy Spetman announced Saturday that the school has signed head football coach Jimbo Fisher to a one year contract extension taking him through the 2015 season. The move should help to quell the false rumors that he will bolt for LSU if Les Miles were to leave.
"I want to thank Florida State for being proactive and helping our program, our coaching staff and myself," said Jimbo Fisher. "I really appreciate our president, athletic director, trustees and boosters for seeing the vision we have for the program. The help and commitment they are providing will allow us to continue to take things in the direction we want to go. Everything is in place here at Florida State to be very successful and I really appreciate FSU's commitment to excellence ."
Fisher's new contract will pay him $2.75 million per year for five years, $50K more than Florida coach Will Muschamp. The additional compensation in his extended contract will come from FSU's athletics contract with IMG and Nike and no public or private donations will be used.
"We are extremely pleased that we are able to extend Coach Fisher's contract," said Spetman. "The enthusiasm and momentum within our program is remarkable and we wanted to make sure that continues. The marketplace for coaches is very competitive and we believe this shows a strong commitment by both parties for the future of Seminole football."
Tomahawk Nation has learned that Fisher's buyout will be $2M. Logically, it doesn't make sense for a man to increase his contract buyout if he is looking to bolt for another job.
The Seminoles finished the 2010 season with a 10-4 record in Fisher's first year as head coach with a win over South Carolina in the Chick-fil-A bowl, an appearance in the ACC Championship Game and wins over rivals Miami and Florida.