Reports: Michigan, Harbaugh discuss contract extension
Michigan coach Jim Harbaugh and athletic director Warde Manuel are discussing terms of a potential contract extension, according to multiple reports.
After this season, Harbaugh will have one year remaining on the seven-year deal he signed in late 2014. Michigan is believed to be offering Harbaugh an extension with a lower base salary, a chance to make more money with incentives, and a lower buyout amount that would make it easier for the Wolverines to move on from the alum.
Harbaugh was scheduled to make $8.05 million this season — the fourth-highest salary in college football — before agreeing to a pay cut amid the COVID-19 pandemic.
The Wolverines are 2-4 on the season — one that started with them ranked No. 16 in the Associated Press preseason poll. They were scheduled to play No. 4 Ohio State on Saturday but the game was canceled due to COVID-19 cases in the Michigan program.
Harbaugh is 0-5 against the Buckeyes in his tenure and has a 49-22 overall record. He was hired with the hopes of returning the storied Michigan program to national championship contention, but the Wolverines are 1-4 in bowl games under his leadership.
Harbaugh, 56, could have to decide whether to stay at Michigan for less money or return to the NFL, where teams reportedly are waiting for him to become available. He led the San Francisco 49ers to a 44-19-1 record (2011-14) and a Super Bowl appearance following the 2012 season — a loss to the Baltimore Ravens and his brother, John Harbaugh.
Firing Harbaugh and his staff after this season would cost $10.775 million, according to an analysis by the Detroit Free Press and USA Today. Manuel said earlier he anticipated the Michigan athletic department would have an $80 million shortfall because of the pandemic.
–Field Level Media