How much is Jimbo Fisher’s buyout due to FSU now that he has left Florida State for Texas A&M?
From our earlier story:
If he elects to leave, Fisher’s buyout is the sum of all monies remaining on the contracts of his assistant coaches not retained by the university.
So, for example, if Fisher leaves, and the university retains none of ten coaches each making $500,000 on one-year deals, Fisher would owe the school $5M within 30 days. Given that many assistants are employed on two- or three-year contracts, this number is believed to be around $7M if Fisher were to leave following the 2017 season.
The practical impact of this is that it makes it safer for the school to give bigger raises to assistants, without the fear that it will be stuck paying them (or buying them out) if Fisher were to leave.
Tl;Dr, it will depend on which coaches take with him. If he takes zero coaches, and all are not retained in Tallahassee, it would be about $7M. However, the most likely total is around $5-6M.
What if FSU had fired Jimbo Fisher?
With the Florida State Seminoles’ Because Jimbo Fisher just a signed a contract extension with a buyout of roughly $40M. That is such a prohibitive sum, that there is no way a school could pay it this year, or any time soon. No school in the history of college football has paid anything close to that number.
It’s just not feasible. Half of that would be an astronomical sum, much less the whole thing. It’s just not going to happen.