FSU football signs coach Jimbo Fisher to five-year deal worth $1.8 million a year

Florida State offensive coordinator Jimbo Fisher signed his new contract Friday as the school's next head coach.

As expected, his deal is for five years, beginning Jan. 5 — one day after retiring coach Bobby Bowden's one-year contract expires — and will pay him $1.8 million annually, not including bonuses that could add as much as $675,000.

Fisher, 44, also can have an annual summer camp and is entitled to all profits. If he were to leave for another school or sports job (such as the NFL) during the first three years of the deal, he would owe three times his annual base salary ($675,000); it drops to two times ($450,000) if he were to leave in the fourth or fifth year.

Bowden's final contract pays him about $2.4 million, not including bonuses. He also will receive $1 million in "appreciation" of his "lifetime achievement and extraordinary contributions to the intercollegiate athletics department" when he steps down. His final game will be the New Year's Day Gator Bowl against his old school, West Virginia.

Fisher, who was earning about $630,000 as offensive coordinator, will comment about his new deal today after practice, the school announced. Athletic director Randy Spetman and outgoing school president T.K. Wetherell were unable for comment.

When Fisher signed his previous contract, he was guaranteed that FSU would offer a "total compensation level commensurate with that of comparably experienced head football coaches at similar schools." Last year, Washington gave Steve Sarkisian, another first-time head coach, a five-year deal for about $1.8 million annually, though his maximum bonuses could reach $1.5 million, according to a USA Today analysis of contracts.

Fisher continues to round out his staff, adding former Auburn quarterback and current South Alabama assistant Dameyune Craig after the bowl game. Fisher still has two defensive spots to fill with Chuck Amato and Jody Allen both leaving after the bowl, as well as a strength and conditioning coach.

FAST FACTS

The deal

Here's how Fisher's contract breaks down:

Base pay 225,000

Radio/TV $400,000

Speaking 675,000

Nike 500,000

Total 1,800,000

Incentives Bonus

ACC division title 50,000

ACC title 50,000

BCS title game 125,000

BCS title 125,000

BCS non-title game 50,000

Non-BCS game 30,000

AP Top 5 finish 100,000

AP Top 10 finish 50,000

Undefeated season 100,000

Nat'l coach of year 50,000

ACC coach of year 25,000

75% graduation

success rate 25,000

925 APR score 25,000

FSU football signs coach Jimbo Fisher to five-year deal worth $1.8 million a year 12/18/09 [Last modified: Friday, December 18, 2009 10:47pm]

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