Diving deep into Jim Harbaugh's new contract at Michigan.
before leaving the team's headquarters without an offer.
Harbaugh's newest deal doesn't include a prohibitive buyout obligation if he chooses to explore another head coach opportunity at the next level. The amount he would be required to reimburse starts at $3 million and decreases by $750,000 each subsequent year of the contract that now runs through the 2026 season.
On the other hand, if the university fires Harbaugh without cause, it will owe him all of the money remaining on the contract except for a $1 million deferred compensation amount that Harbaugh will receive only he is the Wolverines’ head coach each Dec. 31. But the 58-year-old Harbaugh is currently in good standing after rebuilding the program following the downturn in 2020 that led to his pay cut. This past fall, he steered thesince 2004. Their 12 wins were the most since the Wolverines claimed a share of the national title in 1997.
Those achievements helped net Harbaugh millions in incentives that he vowed to donate back to athletic department employees who lost income during the COVID-19 pandemic. Harbaugh's newest contract includes a slew of similar performance bonuses: $500,000 for winning the Big Ten East, another $1 million for a conference championship, an additional $500,000 for a CFP berth and $1 million for a national title.
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