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TALLAHASSEE (CBSMiami/AP) — The new head football coach at Florida State University isn’t quite making the money that the man he’s replacing is.

Willie Taggart’s contract as Florida State’s new head football coach will pay him $30 million over six years.

The university released the letter of understanding signed by Taggart after he was announced as the Seminoles’ new coach on Wednesday. Florida State will also pay the $1,370,122.28 he still owes South Florida and $3 million owed to Oregon as part of buyouts of his previous contracts.

The 41-year old Bradenton native coached at South Florida for four seasons before going to Oregon. Taggart replaces Jimbo Fisher, who resigned to accept the opening at Texas A&M.

Taggart has a 47-50 career record, including 7-5 this season, but is known as a rebuilder. Florida State (6-6) will face Southern Mississippi in the Dec. 27 Independence Bowl.

Taggart has faced rebuilding jobs at Western Kentucky, USF and Oregon, but says his task facing the Seminoles is more of a realignment.

(© Copyright 2017 CBS Broadcasting Inc. All Rights Reserved. The Associated Press contributed to this report.)

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