Michigan football coach Jim Harbaugh has earned a substantial raise.
The Wolverines announced Wednesday that Harbaugh had agreed to a five-year extension through the 2026 season, and salary details are now out. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football)
Michigan Announces Huge News About Jim Harbaugh’s Job. How Will Fans React? https://t.co/JRRbD9GCG9
— Daily Caller (@DailyCaller) February 17, 2022
According to Austin Meek, Harbaugh will earn $7.05 million in base pay in 2022. That’s right around $3 million more than he earned in base pay in 2021.
By the end of his new deal, his base salary will be $7.6 million.
Just received Jim Harbaugh’s new contract. If my math is right, he’ll earn $7.05 million in base pay next year, up to $7.6 million by the end of the deal.
— Austin Meek (@byAustinMeek) February 17, 2022
If Harbaugh leaves after the 2022 season, he would owe Michigan a $3 million buyout. The buyout drops to $2.25 million, $1.5 million, $750,000 and then zero.
— Austin Meek (@byAustinMeek) February 17, 2022
It is worth noting that his new deal gets him within spitting distance of his old base salary of $8 million prior to taking a huge pay cut before the 2021 season.
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I know I sound like a bit of a Jim Harbaugh defender over the past few months, but this is a great deal for the Wolverines.
Fans should be incredibly happy. Harbaugh making $7 million in base salary is more than sufficient for a guy who has won 71% of his games with the Wolverines.
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Furthermore, he just took the team to the CFP, and Michigan is the best they’ve been in a very long time.
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All the way around, everyone involved with the situation should be very happy.