Jim Harbaugh’s Contract: Extension, Salary, Buyout (if He Leaves for NFL)

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Michigan head coach Jim Harbaugh watches his players prior to the Fiesta Bowl NCAA college football semifinal playoff game against TCU, Saturday, Dec. 31, 2022, in Glendale, Ariz. (AP Photo/Rick Scuteri)
(AP Photo/Rick Scuteri)
Andrew Doughty @DoughtyBetMGM Jan 03, 2022, 10:32 AM

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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About the Author

Andrew Doughty

Read More @DoughtyBetMGM

Andrew Doughty is a writer for BetMGM with a focus on college football, NFL, college basketball, and NASCAR. A graduate of the University of Kansas, he previously wrote for Sports Illustrated and HERO Sports.

Andrew Doughty is a writer for BetMGM with a focus on college football, NFL, college basketball, and NASCAR. A graduate of the University of Kansas, he previously wrote for Sports Illustrated and HERO Sports.