Jimbo Fisher, Texas A&M Finalizing Contract Extension Through 2031

Fisher's contract extension would make him the second highest-paid coach in college football, behind Alabama's Nick Saban.

Jimbo Fisher and Texas A&M finalized a new contract extension that would raise his yearly salary to more than $9 million per year, according to ESPN.

The Houston Chronicle was the first to report the news. 

When Fisher came to Texas A&M from Florida State after eight seasons in 2017, he initially signed a 10-year, $75 million contract. With the new four-year contract extension through 2031, Fisher will make $9 million starting on Jan. 1 2022 and will increase by $150,000 on Jan. 1, 2023, according to a statement from the university on Wednesday.

In each of the following years after 2023, Fisher's base salary will increased by $100,000 on Jan. 1. 

 “Coach Fisher continues to demonstrate he is building our program for long-term success and he is a perfect fit for Texas A&M. Providing the appropriate amount of stability and continuity during this important time is critical as we support our football program at the highest level," said Aggies athletic director Ross Bjork. 

"As one of only five active head coaches to win a national championship, Coach Fisher knows what it takes to lead a comprehensive program on and off the field and develop our young men beyond football."

Entering the 2021 season, Fisher—one of the highest paid coaches in college football—is ranked No. 6 in USA Today Sports AFCA Coaches Poll. Fisher's deal will make him the second highest-paid college football coach in the country behind Alabama's Nick Saban. The Crimson Tide head coach made $9.1 million in 2020 and earned another raise and extension this offseason.

The Aggies went 9–1 last season, with their only loss coming to Alabama. Since taking over the Aggies' program, Fisher has gone 26–10 in three seasons. 

In 2018, the Aggies finished 9–4 and finished second in the SEC West and No. 16 in the Associated Press poll. In 2019, the team went 8–5 with all of the losses coming from teams ranked in the top 10 at the beginning of the season. Texas A&M would go on to win its first New Year's Six bowl game after the 2020 season and earned its highest AP ranking since the 1939 national championship.