Jim Harbaugh's new contract extension, which is heavily laden with incentives and contains low buyout figures, appears highly favorable to Michigan's athletic department.
According to documents obtained by the Free Press, Harbaugh will earn $4 million in total base salary during the first year of his new deal — roughly half of what he earned in the 2020 season.
His base salary is $605,000 for each year of the deal, which could take him through 2025, while additional compensation starts at $3,395,000 in the first year (combining for the $4 million in total) and escalates to as much as $3,821,102 in the final year.