Exclusive: Texas A&M to give Jimbo Fisher raise, contract extension

Exclusive: Texas A&M to give Jimbo Fisher raise, contract extension

As he begins his fourth season in College Station, Jimbo Fisher is poised to get a raise and contract extension from Texas A&M with seven years left on his existing deal.

Mark Mulligan, Houston Chronicle / Staff photographer

COLLEGE STATION — Texas A&M coach Jimbo Fisher has seven years remaining on his contract paying him $7.5 million annually. A&M believes that is not enough on both counts following a successful first three seasons under the former Florida State coach.

A&M will soon announce a contract extension and raise for Fisher, according to university insiders, after the Aggies (9-1) were No. 4 in last season's final Associated Press poll, their highest finish since winning their lone national title in 1939. 

A&M will add three years to Fisher’s contract to put it back to 10 years remaining and he will make about $9 million annually, according to an insider with knowledge of the process. Based on the updated contract, which is expected to easily receive A&M regents' approval, Fisher would trail only mentor Nick Saban of Alabama (recently raised to an average of $10.6 million through 2028 season) when the ink dries in College Station, according to a USA Today database.

Fisher, 55, is 26-10 from 2018-20 at A&M. The Aggies are ranked No. 6 in the preseason AP poll and kick off their fourth season under Fisher at 7 p.m. Saturday against Kent State at Kyle Field. Alabama’s trustees earlier this month approved a raise and extension for Saban, who turns 70 on Halloween.

When A&M lured Fisher from FSU with a 10-year deal in December 2017 worth a guaranteed $75 million, A&M chancellor John Sharp was asked if he had any concern about signing Fisher to such a long-term contract.

“Yes,” Sharp told the Houston Chronicle. “We couldn’t get him to agree to a 15-year deal, so this is the best we got.”

Saban, who has a record seven national titles (including six at Alabama), is the nation’s highest-paid coach. He’s followed by LSU’s Ed Orgeron ($8.9 million annually), Clemson’s Dabo Swinney ($8.3 million), Michigan’s Jim Harbaugh ($8 million) and Fisher, according to USA Today's database citing numbers through last November.