The Athletic breaks down Jimbo's buyout

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Fisher’s contract explains the buyout’s payment schedule as follows:

“University shall pay twenty five percent (25%) of such amount in a lump sum within (60) days of the effective date of termination of the Agreement, and the remaining balance shall be paid to Coach in equal annual payments beginning one hundred twenty (120) days after the effective date of the termination of this agreement and continuing through the original end date of this Agreement, December 31, 2031.”

What does that mean for Texas A&M now that it is firing Fisher? The Aggies don’t have to write Fisher a $77 million check immediately.

In the short term, Texas A&M must write Fisher two checks in the span of four months. The first, due within 60 days of contract termination, would be for $19.3 million. The second, due within 120 days of termination, would be the first of eight annual payments for the rest of the contract: $7.2 million.

In total, the Aggies owe Fisher $26.6 million by March 11, 2024. It’s certainly not chump change, but it’s much more manageable than if the entirety of the contract were due up front. The rest will be paid out in annual installments of $7.2 million from 2025 through 2031, meaning the Aggies would basically pay two head coaches for the next eight years.

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Here’s a breakdown of what the payment structure will be like for the rest of Fisher’s contract, which runs through Dec. 31, 2031:

Total buyout: $77,562,500
Lump sum (25%) owed (within 60 days): $19,390,625
Eight payments, starting no later than March 11, 2024 and continuing annually through 2031: $7,271,484

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