Michigan football coach Jim Harbaugh will take a substantial pay cut during the coronavirus pandemic.
According to Saturday Tradition, the school announced Monday that Harbaugh and men’s basketball coach Juwan Howard would both take 10% pay cuts during the ongoing coronavirus pandemic. Athletic director Warde Manuel will also take the same cut. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football)
The pay reductions will start August 1 and go through the end of the fiscal year.
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At this point, the list of programs not instituting pay cuts during the coronavirus pandemic might be shorter than the list of those that are.
Taking a 10% pay cut is also no joke at all, especially when you’re talking about the kind of money Harbaugh takes home annually.
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The Michigan coach made a little more than $7.5 million in 2019, which means he just lost $750,000 because of the pandemic.
That’s more money than most people make in several years, and it’s gone from Harbaugh’s paycheck.
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Luckily for Harbaugh, I have no doubt he’ll still be able to afford to put food on the table after his 10% pay cut. Still you never like to see a guy lose money.
I love dogging Harbaugh, but losing money is nothing to ever celebrate. It’s a brutal situation.
Let’s hope this situation ends sooner than later. Even though I’m not a pro-Michigan guy and I like dragging the Wolverines coach, I never want to see someone lose a single penny.