Michigan Football head coach Jim Harbaugh signed a new five-year contract with the university that runs through the 2026 season. Here’s a look at the details of the contract — including salary figures, incentives, and buyout numbers.
Salary
Harbaugh’s base salary is $655,000 per year, with “additional compensation” bringing that total north of $7 million per year for the duration of the contract. The new deal also includes a $1 million per year contribution to a retirement fund for Harbaugh.
- 2022:$6,395,000
- 2023: $6,535,000
- 2024: $6,678,000
- 2025: $6,824,000
- 2026: $6,973,000
Incentives
- Winning the Big Ten East- $500,000
- Winning the Big Ten Championship- $1 million
- Making the College Football Playoff- $500,000
- Winning the National Championship- $1 million
- Playing in a New Year’s Six Bowl game- $200,000
- Winning Big Ten Coach of the Year Award- $50,000
- Winning one of the National Coach of the Year Awards- $75,000
- Per MLive’s Aaron McMann, “the new deal also calls for Michigan to contribute $1 million per year to a retirement plan for Harbaugh.