Jimbo Fisher has fallen well short of the championship aspirations at Texas A&M, but his contract includes a roughly $77 million buyout if he is fired this year. Right about the time Miami thumped Jimbo Fisher’s reliably inconsistent Texas A&M team back in September, I started trying to understand the price of oil coming out of the Permian Basin to predict the 2023-2024 college football coaching market.
It is crucial to the American oil and gas industry. It is also chockablock with wealthy Texas A&M Aggies, almost all of whom vehemently regret the gaudy, 10-year, totally guaranteed $75 million contract their university feted Fisher with in December 2017. In return, Fisher has delivered an above-average 44-25 run over the past five-plus seasons, but nothing close to the national title expectations Aggies have long pined and overpaid for.
Combined with the fact that A&M isn’t awful, just merely not great amid quarterback injuries and bad assistant hires , it’s at least arguable Fisher hasn’t fully earned bust status just yet. Third, crude production can never exceed the college football value of time or its paucity of patience. If A&M holds on to Fisher and weathers another fine-but-not-great season with no playoff appearance in 2024, it would still owe him $67.5 million if he is fired next year, saving the boosters a relatively scant $10-ish million. If I’m looking at the futures market, A&M’s pride is worth more than $10 million for another season of championship ignominy.
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