Jim Harbaugh was introduced as Michigan head coach in December 2014, signing a seven-year, $35-million contract in returning to his alma mater.
Eight years and several contract extensions/amendments later, Harbaugh is now in the first year of a six-year contract worth more than $42 million.
Jim Harbaugh’s Contract
In mid-February 2022, approximately six weeks after Michigan lost to Georgia in the College Football Playoff semifinals, Harbaugh agreed to a new contract that replaced a new deal signed in January 2021, one that was largely viewed as a make-it-or-break-it, program-friendly deal for a coach on the college football hot seat.
The new five-year deal runs from Jan. 11, 2022, through the 2026 season, specifically “three days after last game played in 2026 season.”
Jim Harbaugh’s Salary
Jim Harbaugh’s annual base salary is $655,000 throughout the deal. He’s also due “additional compensation” each year:
- 2022: $6,395,000
- 2023: $6,535,000
- 2024: $6,678,000
- 2025: $6,824,000
- 2026: $6,973,000
That brings his total annual salary to more than $7 million for each of the five years.
Jim Harbaugh’s Buyout if He Leaves for NFL
If Harbaugh terminates the contract before its end date, he owes the university a buyout:
- Year 1: $3 million
- Year 2: $2.25 million
- Year 3: $1.5 million
- Year 4: $750,000
- Year 5: $0
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