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Sunday, December 7, 2008

Fisher buyout would cost $5 million

According to an article in the Tallahassee Democrat today, the cost to buy out Florida State head coach-in-waiting Jimbo Fisher's contract is $5 million, not $2.5 as originally reported.

The school upped the amount after Fisher flirted with the vacany last year at West Virginia, where his mother still lives.

"We made it real clear this isn't momma. Last year was momma," FSU president T.K. Wetherell said. "And he got what he wanted in play-calling and (some other concerns)."

Fisher earned the head coach-in-waiting designation last December. If he is not the Seminoles' head coach by Jan. 11, 2011, FSU owes him $2.5 million.

Auburn already paid Tommy Tuberville a $5.1 million buyout and owes the coaches the money owed from the remainder of their contracts, a figure that's likely over $1 million. A big-name coach, Wetherall estimated, could command a contract in the neighborhood of $12 million.

"I don't think they have $25 million up there," Wetherell said.

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