Fisher's initial $75 million contract in 2018 set an inflated market for college football coaches.
The day Jimbo Fisher inked a fully guaranteed 10-year, $75 million contract with Texas A&M was the beginning of a great experiment in college football. Salaries were quickly rising, sure, but Fisher's contract structure broke the market.
Fisher's contract with the Aggies promised him every cent outlined within the agreement, even if he was fired. For comparison, seven-time national champion Nick Saban has a $44 million buyout. Even worse, Fisher owed the school zero buyout dollars to leave for another job. There was no offset language in the contract, meaning that Fisher would get the entire worth of his deal even if he were to take another job.
Not sure but didn't that start with Michigan State a couple of years prior to that? Indiana just did the very same thing. Hope it works out for them, but they are on the hook for an $11M/yr., 10 yr. contract. Some ADs never learn. It seems coaches are given a 4 year max leash, so wonder why not a 5 year contract. AD's should get together and agree to these things against the agents who are ruining college football, along with NIL and the Transfer Portal.
The P-2 and the other few are spending money like drunken sailors. With the advent of these large conferences, too many teams with a narrowly defined path. And due to so many teams in a league, teams like Missouri, Vandy and Indiana can get a Notre Dame type schedule…1, maybe 2 hard games and the rest are peer cupcake games. End result, win now or be fired. The excuse used by UL “a coach needs a 5 year commitment to assure players and parents the coach will be there” is now deceased. Win or be fired is coming quickly across college football.
If there is one nice thing to say about Brian Kelly, his failure in BR pretty much exposed ND’s faux hard scheduling.
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