Updated

Florida State has extended Jimbo Fisher's contract for one year, taking the head football coach through the 2015 season.

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

Fisher will make $2.75 million a year for five years. The additional compensation in his extended contract will come from Florida State's contracts with IMG and Nike.

Florida State athletic director Randy Spetman announced the deal Saturday, saying he wanted to continue the "enthusiasm and momentum" within the program.

The Seminoles finished the season 10-4 in Fisher's first year taking over for Bobby Bowden. They beat South Carolina in the Chick-fil-A bowl after an appearance in the ACC title game.