Joined ESPN.com in 2008.
The 57-year-old Harbaugh, a former star quarterback at the school, has guided MI to a 49-22 mark in six seasons at the helm, but he has yet to defeat rival Ohio State while serving as the Wolverines' head coach.
"I continue to believe that Jim is the right man to lead our program in pursuit of Big Ten and CFP championships", Manuel said in a statement.
Jim Harbaugh's new contract with the Michigan Wolverines contains some significant adjustments to his salary and incentives. Jim is a tireless worker and competitor.
Together, Harbaugh is guaranteed $4 million in 2021, $4.1 million in 2022, $4.2 million in 2023, $4.3 million in 2024 and $4.4 million in 2025.
The buyout amount, in case MI chooses to terminate Harbaugh, starts at $4 million in 2021 and decreases by $1 million for each ensuing year. We have a plan. "These challenges are being addressed as we continue to strive for excellence in the classroom and championships on the field, a message that I hope is noted in the language of our agreed-upon contract". He could have potentially returned to the National Football League or the school could have fired a coach with a year left on the seven-year contract by paying him around $ 7 million per season that he signed after leaving the NFL.
This season, the Wolverines finished at 2-4 after their last three games were canceled. According to ESPN's Adam Schefter, Harbaugh and MI have officially reached an agreement on a contract extension. Harbaugh spent much of the past few weeks vacationing in California but returned to Ann Arbor this week, a source said. He's led the Wolverines to five bowl games but has won just one of those contests. Due to the lack of success he's had-especially in the Big Ten-there were reports in December that Harbaugh was likely on his way out of MI and was itching to return to the NFL.
Michigan, which allowed 34.5 points per game in 2020, fired defensive coordinator Don Brown in December.
