Fired college football coaches bank more than $118 MILLION in buyouts to break record set in 2021 as outgoing Jimbo Fisher leads all with his $75m golden parachute from Texas A&M

It's never been a better time to be a fired college football coach.

With Tom Allen's $15.5 million golden parachute following his dismissal at Indiana, college football coaches are now set to 'earn' more than $118 million in buyouts, according to Yahoo Sports.

That figure surpasses the all-time record of $94 million set in 2021, when LSU fired Ed Oregon, who went on to get a $17.1 million buyout.

But that figure is absolutely dwarfed by the gargantuan $75 million that Jimbo Fisher will receiver after being canned by Texas A&M.

Aggies athletic director Ross Bjork said unrestricted contributions within the donor-backed 12th Man Foundation will be used to make an initial payment of $19 million to Fisher within 60 days and the rest would be paid with athletic department funds.

Jimbo Fisher no longer has a team to coach, but he does have $75 million waiting for him 

Tom Allen has every reason to smile after leaving Bloomington with a $15 million buyout 

Outgoing Syracuse coach Dino Babers is getting a reported $4 million buyout from the Orange

Next up on that list could be Ohio State's Ryan Day, who is rumored to be on the hot seat after falling to rival Michigan for the third consecutive season.

If fired by the Buckeyes, Day would be owed $46 million by Ohio State, according to The Associated Press.

Other lucrative buyouts this season have included Houston's Dana Holgorsen, who got $14.8 million after guiding the Cougars to a 4-8 finish, while Mississippi State's Zach Arnett is getting $4.5 million following a 5-7 campaign.

Fired Syracuse coach Dino Babers will reportedly get $4 million, while outgoing Boise State coach Andy Avalos is set to receive $3 million. 

If Ohio State is ready to move on from Ryan Day, it will cost the school $46 million 

And if you think that's generous, check out the other lucrative buyouts littered throughout top-coaching contracts: 

Kirby Smart, Georgia, $92.5 million

• Contract expires 2031.
• His predecessor, Mark Richt, had a $4.1 million buyout in 2015.

Brian Kelly, LSU, $70 million

• Contract expires 2031.
• His predecessor, Ed Orgeron, had a $16.9 million buyout in 2021.

James Franklin, Penn State, $64.5 million

• Contract expires 2031.
• He would owe Penn State $6 million if he left for the NFL this year.

As if Georgia didn't have enough reasons to keep Smart, firing him will cost the school $92.5m

Dabo Swinney, Clemson, $64 million

• Contract expires 2031.
• If Swinney took another job this year, he would owe Clemson $5 million. If that job was Alabama, where he was a walk-on, he would owe $7.5 million.

Matt Rhule, Nebraska, $62 million

• Contract expires 2031, signed 2022.
• Nebraska required to pay only 90% of remaining contract value.
• His predecessor, Scott Frost, had a $15 million buyout in 2022.

Mark Stoops, Kentucky, $51 million

• Contract expires 2031.
• Kentucky required to pay only 75% of remaining contract value.
• His predecessor, Joker Phillips, had a $2.5 million buyout in 2012.

Saban isn't on the hot seat in Tuscaloosa, but if he did get fired, Alabama would owe him $45m

Josh Heupel, Tennessee, $46.5 million

• Contract expires 2029, signed in 2023.
• Tennessee paid buyouts of $12.6 million to Jeremy Pruitt in 2020 and $8.3 million to Butch Jones in 2017.

Nick Saban, Alabama, $45 million

• Contract expires 2030, signed in 2021.
• Alabama would owe Saban 48 months' pay if he were fired, or for the number of months remaining if contract is within four years of expiration.

Dan Lanning, Oregon, $44 million

• Contract expires 2028, signed in 2023.
• An NFL team or another school would have to pay Oregon $20 million to hire him at any point during the contract term.