Not only did Florida State officially introduce Willie Taggart as the Seminoles’ next head coach Wednesday, but Taggart and the school have officially agreed on a contract, the details of which were released Wednesday.
Florida State will pay Taggart a base salary of $5 million per year for six years, according to the Orlando Sentinel. Taggart will also get $5.5 million to divvy up between his assistant coaches. Taggart’s staff has not yet been finalized, but it was reported Tuesday that Oregon defensive coordinator and former South Florida head coach Jim Leavitt will join Taggart in Tallahassee.
Willie Taggart's deal at FSU: 6 years, $30 million with $5.5 million for assistants, and a $5 million buyout. FSU will pay Oregon buyout of $3 million and the rest of his buyout at USF $1.3 million. https://t.co/kHLC05Gm45
— Orlando Sentinel-FSU (@osfsu) December 6, 2017
In addition, should another school hire Taggart away from the Seminoles, the buyout owed to Florida State will be $5 million. If Florida State fired Taggart, the school will owe him 85% of whatever money is remaining on the contract.
If Willie Taggart leaves #FSU it will cost him $5 million. If FSU fires Taggart, it will owe him 85% of his remaining contract, but will pay it monthly over the remaining contract.
— Wayne McGahee III (@WayneMcGaheeIII) December 6, 2017
The Seminoles had to pay Oregon roughly $4.3 million to buy Taggart out of his contract with the Ducks; however, they did not have to pay the entire buyout at once. As DieHards wrote Monday, $1.3 million of the total — the amount the Ducks still owed South Florida from buying Taggart out of his contract with the Bulls — had to be paid to Oregon up front. The remaining $3 million can be paid in monthly installments for up to 48 months. It is unknown whether the Seminoles opted to pay Taggart’s buyout gradually or just forked over the entire $4.3 million at once.
Taggart’s $5 million annual salary at Florida State represents a significant upgrade from the $2.9 million he made at Oregon this season — though the Ducks did recently offer Taggart a five-year extension worth more than $4 million annually. Taggart will make slightly less than Jimbo Fisher did this season, in his ninth year as coach of the Seminoles. Fisher, who signed a 10-year, $75 million contract at Texas A&M, made $5.7 million this season, according to the U SA Today coaching salary database.
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