Unless some rich oil baron who just happens to be an alumni, and needs a big tax write off, I will give you 89,950,000 reasons why he wont get replaced this year, and I will also spot you 76.800,000 reasons why he wont be gone next year either.
Below is Jimbo's buyout for every year until 2030. Even in 2030 the number is incredibly high.
- 2022: $85,950,000
- 2023: $76,800,000
- 2024: $67,550,000
- 2025: $58,200,000
- 2026: $48,750,000
- 2027: $39,200,000
- 2028: $29,550,000
- 2029: $19,800,000
- 2030: $9,950,000
Except he will only receive 25% of that initially. Then he will receive the balance in equal installments until 2031. That is still a lot of money to pay out, but that can easily be offset somewhat by contributions from several of their big money boosters (ie, rich oil barons - of which TAMU probably has many) and the money received from the SEC's 2023 media rights deal with ESPN.
If Texas A&M decides to fire Fisher without cause,
the university owes him every penny remaining on the contract. Every last one. And Fisher can have it paid out to him from the date of his firing until 2031 when the contract would have expired.
An impressive 25% of that total would go to the coach within 60 days of dismissal. The rest, starting 120 days after that date, would be in annual installments through 2031.
For simplicity’s sake, let’s say Fisher is fired on Dec. 31 of this year. That means he will have $85,950,000 remaining on his contract. By February, he could expect to receive a lump sum of $21,487,500. Then, over the next nine years, an annual payment of $7,162,500, beginning sometime around July 2023.
I would expect that Jimbo gets at least one more year before things really get nasty.
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