Jim Harbaugh isn't even getting a raise. It had been
previously reported Michigan had offered Harbaugh a contract that would make him the highest-paid coach in college football. In the end, he'll be starting with the same base salary he had in his final season with the San Francisco 49ers.
The details of Harbaugh's contract -- which he signed Monday -- were released at his introductory press conference Tuesday.
Seven years, $5 million annually to start. Plus a $2 million signing bonus. Harbaugh will be eligible for 10 percent increases after three and five years.
Interim athletic director Jim Hackett also said he'd review the football program at the end of 2015 to determine an appropriate "deferred compensation" plan.
The contract has the following incentives:
• $200,000 if Michigan plays in a bowl game appointed by the College Football Playoff committee;
• $300,000 it if plays in a College Football Playoff game;
• $500,000 if the Wolverines win a national championship;
• $50,000 if named Big Ten Coach of the Year;
• $75,000 for other national coach of the year awards;
• Up to $150,000 per year if Michigan's Academic Progress Rate (APR) is 960 or higher.
Amongst Big Ten coaches, Michigan State's Mark Dantonio was No. 2 nationally in total pay in 2014 at $5.636 million. Ohio State's Urban Meyer made $4.536 million.
"Jim insisted that he not be the highest-paid coach in college football, or even the Big Ten,"
Hackett told John U. Bacon. "I think that tells you something about his values."