The college football world is swirling around the Texas A&M Aggies right now in the wake of some eyebrow-raising allegations from recent transfer Santino Marchiol. But in the midst of that controversy, Head Coach Jimbo Fisher made some other news on Tuesday as he officially put ink to paper on his 10-year, $75 million contract.
Brent Zwerneman from The Houston Chronicle outlined the finer details of the contract quite nicely in this article. Some highlights include:
Some nice bonuses if he wins big
Fisher will receive $100,000 if the Aggies win the SEC West, $200,000 if they win the SEC title game, $100,000 if they make a non-New Year’s Six bowl game, $200,000 for a New Year’s Six bowl showing, $300,000 for a College Football Playoff semifinals appearance, $500,000 for a CFP finals appearance and $1 million for winning a national title.
Basically, the only way Jimbo makes ONLY $7.5 million is if he doesn’t qualify for a bowl game. He’ll be making anywhere from $7.6 million up to $8.5 million if he wins a national title.
No buyout if he leaves
Should Fisher resign on his own, he “will have no financial obligation to the University arising from such termination, and the University will have no financial obligation to Coach …”
The contract also reads in this section, “Coach recognizes that his promise to work for the University for the entire term of this Agreement is important to the University” and that A&M is making a “valuable investment” in his services that “would be lost if Coach resigns or otherwise terminates his employment …”
I get that Fisher had all of the leverage in these negotiations, but A&M’s refusal (inability) to get some level of protection should the coach decide to bolt vexes me. I am terribly vexed.
And no buyout for A&M if he’s fired for cause
“Termination by University for cause” includes “a serious or major violation or a pattern of violations of any SEC, NCAA or University rules …”; failure to report to the A&M compliance staff any such known violations; and “failure by Coach to promptly report to the University’s Title IX coordinator or the Athletic Department’s Senior Woman Administrator or law enforcement in the case of an emergency” any “illegal gender discrimination, sexual harassment, sexual assault, sexual exploitation, intimate partner violence, stalking and/or related retaliation.”
Especially given the recent developments, this is an essential clause. Granted it’s in almost all coaching contracts, and on the rare occasion it’s invoked, is usually challenged in court.