Jimbo Fisher has agreed to a new five-year, $21 million deal with Florida State, a source told ESPN's Joe Schad.

Fisher's current deal pays him $2.75 million per season.

The Seminoles secured their spot in the BCS National Championship Game with a 45-7 win over Duke in the ACC Championship.

"Throughout the year, it was important to take a look and see what was going on, and as we continued to improve on the field and do very well, it was time to talk," athletic director Stan Wilcox said after the Seminoles' win Saturday night. "I didn't want to distract Jimbo from his task, so I was able to talk with his agent and we were able to work out and come to a pretty mutual agreement on things, and now we're in the process of finalizing."