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Ann Arbor -- Jim Harbaugh signed a seven-year contract to become Michigan's next football coach with a starting annual salary of $5 million and a $2 million signing bonus.

He will earn raises of 10 percent after year three and year five of the contract. He is also eligible for possible deferred compensation.

INCENTIVE BONUSES:

Big Ten championship game appearance: $125,000

Big Ten championship game win: $250,000

Bowl game appearance (non-playoff, selected by College Football Playoff committee): $200,000

College Football Playoff game appearance: $300,000

National championship game win: $500,000

Big Ten Coach of the Year (coaches' vote): $50,000

National Coach of the year (AP, Bryant, Sporting News, Walter Camp, Maxwell or ABC/ESPN award): $75,000

Academic Progress Rate of 960 or higher (annual and four-year average): up to $150,000

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