Turns out, not coaching at LSU is fairly lucrative.
Just ask FSU coach Jimbo Fisher, who received a raise and a contract extension by staying home.
FSU extended Fisher Monday, bumping his salary to $5.5 million and an extension through the 2024 football season. Fisher, whose name was mentioned with both LSU and Texas in the last month, will stick with his young talent with the Seminoles.
Total guaranteed compensation over the length of the 8-year contract will reach $44.4 million.
“Coach Fisher has done an outstanding job in leading our football program, and is clearly one of the top coaches in college football,” Stan Wilcox, Florida State University Vice President and Director of Athletics, said.
“”He is committed to maintaining the elite status of FSU football and we are fortunate and proud to secure him for the long term.”
Fisher was ranked fifth nationally among the sport’s highest paid coaches behind Michigan’s Jim Harbaugh ($9.04 million), Alabama’s Nick Saban ($6.9). Ohio State’s Urban Meyer ($6) and Oklahoma’s Bob Stoops ($5.5), according to USA Today’s college coaches’ salaries database.
It also marks the fourth consecutive year FSU has increased Fisher’s compensation.
“I am proud to be the football coach at Florida State University, and I am happy we were able to reach a long-term contract to have our staff in place for a long time,” Fisher said. “We are committed to developing young men in all phases of their lives and we have the administrative staff in place to do this.
“Florida State is a special place and I look forward to continuing to build on our past success into the future.”
Fisher’s team was a young one this season, with freshman quarterback Deondre Francois leading the way. The Seminoles will be one of the ACC favorites this coming season.
Fisher is 77-17 at FSU. His team faces Michigan in the Orange Bowl on Dec. 30.