Jimbo Fisher earns contract extension

Florida State coach Jimbo Fisher has signed a one-year contract extension, taking him through the 2015 season, the school announced Saturday.

"I want to thank Florida State for being proactive and helping our program, our coaching staff and myself," Fisher said in a prepared statement.

Fisher, who replaced coaching legend Bobby Bowden, will earn $2.75 million per year for five years under his new contract.

"I really appreciate our president, athletic director, trustees and boosters for seeing the vision we have for the program," Fisher said in the release. "The help and commitment they are providing will allow us to continue to take things in the direction we want to go.

"Everything is in place here at Florida State to be very successful and I really appreciate FSU's commitment to excellence."

The additional compensation in Fisher's extended contract will come from Florida State's athletics contract with IMG and Nike, and no public or private donations will be used.

"We are extremely pleased that we are able to extend coach Fisher's contract," athletic director Randy Spetman said in a prepared statement. "The enthusiasm and momentum within our program is remarkable and we wanted to make sure that continues. The marketplace for coaches is very competitive and we believe this shows a strong commitment by both parties for the future of Seminole football."

The Seminoles finished the 2010 season with a 10-4 record in Fisher's first year as coach with a win over South Carolina in the Chick-fil-A Bowl, an appearance in the ACC championship game, and wins over rivals Miami and Florida.

Heather Dinich covers the ACC for ESPN.com.