Head coach Jim Harbaugh and the University of Michigan have reached an agreement on a contract extension, according to ESPN’s Adam Schefter. The Athletic and Detroit Free News initially reported a potential extension between the two sides.
The Detroit Free News reports that it will be a five-year extension for Harbaugh, while the Athletic says that the head coach will be taking a significant pay cut. The former University of Michigan quarterback base salary will be $4 million, which is currently half of his 2020 salary, per the Athletic. But Harbaugh could double that amount to $8 million due to contract incentives. The deal includes a lower buyout for the university if it decides to fire Harbaugh before the deal ends.
This season, the Wolverines did not fare well under Harbaugh. Michigan finished the season with a record of 2-4, which put Harbaugh’s job on the hot seat. Then, on top of that, he has failed to reach to the Big Ten championship game or defeat the Ohio State Buckeyes.