Michigan and Jim Harbaugh are nearing what would be a five-year extension with a lower base salary but with heavy incentives. If the Wolverines were to reach certain championship benchmarks, he could recoup most of the $8 million he was set to make this season.
Two sources said it appears Harbaugh will remain as head football coach, but the deal had not been finalized or signed. Both said an agreement could be finalized in the next few days.
The contract presented features heavy incentives for winning the Big Ten East Division, a Big Ten championship, reaching the national playoffs and winning a national championship.