Florida State head coach Jimbo Fisher signed a new contract worth more than $4 million per season.
The total worth of the contract is $21.75 million including incentives and it runs through January 2019.
"We are extremely pleased with the direction of our program and believe that this new contract will assure that Coach Fisher is in place to lead the Seminoles for a long time to come," said athletic director Stan Wilcox in a statement. "Coach Fisher enjoys the full support of the leadership of the university and we look forward to the continued success of our football program on the field and in the classroom."
Fisher said this week that he would not address his contract status or any rumors connecting him to other jobs.
"I'm going to talk about our team, that's all I'm going to talk about. I ain't getting into all the rumors," he said.
Fisher was earning $2.75 million per season and was reportedly one of four coaches targeted to replace Mack Brown at the University of Texas. The buyout figure in his New Year's Eve deal was not immediately known, but it is expected to be prohibitive.
Fisher, 48, and No. 1 Florida State will play for the BCS national championship against Auburn on Jan. 6.
Texas targeted Alabama's Nick Saban, but the reigning national title winning coach signed a multi-year extension to remain in Tuscaloosa.