Florida State's Jimbo Fisher agreed Tuesday to a new eight-year contract through the 2022 season, a deal the school says will make him one of the highest-paid coaches in the country.

Jimbo Fisher is 58-10 in five seasons at Florida State. Don Juan Moore/Getty Images

Salary terms were not disclosed because contract details are still being worked out, but a source told ESPN.com's Chris Low that the deal is worth an average of $5.5 million a year.

"I am pleased that we have been able to secure Coach Fisher as our head coach for the long term," athletic director Stan Wilcox said in a statement. "The commitment we are making to him is a reflection of the outstanding job he has done in leading our program to its current level of excellence. While we are delighted with the undefeated season this year and our upcoming appearance in the inaugural College Football Playoff, we began working on this new contract before the success of this past season was in full view. It is a great day for Florida State."

Fisher, who is 58-10 in five seasons at Florida State, earned a new contract last season after taking Florida State to the national championship, one that increased his salary into the $4 million pay range.

"I am honored to be the head coach at Florida State University, which I've said many times before," Fisher said in a statement. "I appreciate that FSU believes in what we are doing and supports our goal of maintaining one of the best programs in the country. It is a privilege to coach the young men in our program. It is truly a family.

"Florida State is a very special place. I appreciate the support of the administration in accomplishing some great things. We have improved in a number of areas over the years, and the commitment to providing the very best in academics, facilities and maturation and growth opportunities for our young men has been key to our success. I look forward to continuing to build on what we are establishing."

Fisher has guided Florida State to three straight ACC championships and 29 straight victories, and he has the Seminoles in position to win a second straight national title.

Florida State plays Oregon on Jan. 1 in the Rose Bowl in one College Football Playoff semifinal game. The winner will play Alabama or Ohio State for the national title on Jan. 12 in Arlington, Texas.