Jim Harbaugh has signed a contract extension to remain Michigan's coach, he told 247 Sports on Friday.
According to multiple reports, the new deal runs through the 2026 season, and a source confirmed to ESPN that the contract includes a lower base salary and many performance incentives. Harbaugh had one year left on his initial contract at Michigan, which paid the coach slightly over $8 million in 2020.
Michigan and Harbaugh began discussing a new contract after the team's regular season ended in November. Harbaugh spent much of the past few weeks vacationing in California but returned to Ann Arbor this week, a source said.