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Jimbo Fisher Contract Details

Posted on 1/5/14 at 1:30 pm
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42460 posts
Posted on 1/5/14 at 1:30 pm
quote:

Florida State head coach Jimbo Fisher will earn between $3.5 million and $4.5 million in annual salary during the life of his new five-year contract, signed last Monday and released on Sunday afternoon.



quote:

Fisher will receive $225,000 in base salary for each year of the contract. His additional compensation for 2014 will be $3,275,000, for a total of $3.5 million. His total compensation increases to $3,725,000 in 2015, $4 million in 2016, $4,225,000 in 2017 and $4.5 million in 2018.



quote:

Fisher's buyout is tied to his assistants. If Fisher leaves and he doesn't take members of his staff with him, each of the nine on-field assistant coaches will receive $600,000 if they are not retained by the new coach. The total sum of that amount, which could be up to $5.4 million, serves as Fisher's buyout.



LINK

HE GONE
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
73408 posts
Posted on 1/5/14 at 1:46 pm to
Lol no buy out he gone. He hates FSU's cheap assness
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42460 posts
Posted on 1/5/14 at 3:57 pm to
Someone can't read
Posted by Hamstonian
Birmingham
Member since Oct 2010
370 posts
Posted on 1/5/14 at 4:01 pm to
Is that type of buyout unusual? That would be a pretty good selling point when trying to attract assistants, I would think.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42460 posts
Posted on 1/5/14 at 4:08 pm to
It's pretty unique, I've never heard of anything like it.
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