It is being reported that Michigan is preparing a five-year, $55-million contract extension for coach Jim Harbaugh, according to Sports Illustrated.
The $11-million yearly salary bump, however, is caught on a snag. Richard Johnson of SI reports is Michigan wants a commitment from the coach – in writing – that he will not pursue an NFL job in “this cycle.”
SOURCE: Michigan is working on a contract extension for Jim Harbaugh worth $11M per year/5 years. The main hurdle remaining is a commitment in writing from Harbaugh that he will not pursue an NFL job this cycle.
Harbaugh, who has an 87-25 record in nine years at Michigan, has taken the Wolverines to three straight College Football Playoff appearances. No. 1-ranked Michigan faces No. 4 Alabama on Jan. 1 at the Rose Bowl.
