Reports: Michigan’s Jim Harbaugh will make $9 million in 2016, more than any other coach in college football
Jim Harbaugh’s presence has raised the expectations at Michigan. Entering year two of his tenure, Michigan has raised Harbaugh’s salary.
The Detroit Free Press reported Wednesday that Harbaugh signed an $2 million contract addendum earlier in the summer. The report stated Harbaugh will receive the extra $2 million per year in the form of a life insurance policy. That goes on top of his base salary of $5 million and makes Harbaugh’s annual salary $7 million.
ESPN’s Dan Murphy and Darren Rovell reported more on the specifics of the contract addendum Wednesday. According to their report, Harbaugh received $2 million on June 3 as part of that addendum, with additional installments to be paid each December starting this year.
That means Harbaugh will actually receive $9 million in 2016, making him the highest paid coach in college football this year.
At $7 million per year, Harbaugh is the second-highest paid coach in college football. Harbaugh falls narrowly behind Alabama’s Nick Saban, who makes $7,087,041 per year according to a list published by USA Today last fall. Harbaugh checked in at $7 million on the list, but the bump was due to his signing bonus.
Harbaugh, with the $2 million addendum, now has the largest annual salary in the Big Ten, edging Ohio State’s Urban Meyer and his $5,860,000 salary, which is the third-largest in the nation.
Harbaugh has only coached Michigan in 13 games so far, going 10-3 last season.