Jim Harbaugh to start at $5M annually with Michigan
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.
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