Jim Harbaugh’s Contract With Michigan Worth $5 Million Per Year

According to school athletic director Jim Hackett, Jim Harbaugh’s contract with the University of Michigan will be worth approximately $5 million per year.

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Jim Harbaugh is going to be the next head coach of the University of Michigan and for Wolverines nation, the news cannot come soon enough. The team, once an NCAA football powerhouse, has been rather lackluster for the better part of a decade now. The school has played in just one major bowl game, the 2012 Sugar Bowl, since Lloyd Carr left town back in 2007. The length of the deal has been reported previously at 5 years, and now it has come out that he will be paid around $5 million per year, which is roughly what he made as the head coach of the San Francisco 49ers.

Considering the resume of Harbaugh in his previous college football head coaching jobs, conventional wisdom would indicate that optimism is certainly reasonable in Ann Arbor. In 2010, his last year at Stanford, Harbaugh led the Cardinal to a 12-1 record, the #4 overall ranking in the AP and Coaches Polls, and an Orange Bowl victory over Virginia Tech.

BREAKING NEWS: Straight from UM AD Jim Hackett. Harbaugh's salary will be roughly $5M a year, plus incentives, same basic contract as 49ers.
— John U. Bacon (@Johnubacon) December 30, 2014

Harbaugh’s hire not only restores some credibility to Michigan’s football program, but to the Big 10 conference as a whole, which has come under fire recently as being weakened in recent years. Should the Wolverines return to their former glory, it would help bolster a conference that has been carried by Ohio State, Michigan State, and Wisconsin in recent years.

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