Texas A&M Fires Coach Jimbo Fisher, Owes Record $76 Million Buyout
Despite initial success, Fisher's tenure saw a decline in team performance, leading to his dismissal and sparking discussions on the financial dynamics of college sports.
- Jimbo Fisher was fired as head coach of Texas A&M's football team, with more than $76 million remaining on his fully guaranteed contract.
- Fisher's firing comes after a decline in the team's performance, despite initial success and high expectations upon his arrival in 2018.
- Texas A&M's athletic director, Ross Bjork, described the university's decision as a 'major financial decision' but assured that they have a plan to handle the financial consequences.
- Fisher's dismissal is the largest known buyout given to a fired head coach, more than triple the previous record.
- Critics argue that the large buyouts for college coaches could change if more revenue is redirected to the athletes.