MLive.com’s Nick Baumgardner is tweeting out the full details of Jim Harbaugh’s contract with Michigan. Here are the workings of the coaching agreement between the former 49ers coach and his Alma Mater:
Jim Harbaugh contract FOIA is in, he'll get a base of $500,000 for seven years, additional compensation is $4.5 million … even $5 million
— Nick Baumgardner (@nickbaumgardner) January 23, 2015
After the third year of his contract, Harbaugh will receive a 10 percent raise. He'll get another 10 percent after year 5
— Nick Baumgardner (@nickbaumgardner) January 23, 2015
Harbaugh must give Michigan 48-hour notice before he discusses other jobs, per contract.
— Nick Baumgardner (@nickbaumgardner) January 23, 2015
If Harbaugh terminates the contract, he owes UM a portion of his signing bonus and the remainder of his deal, depending on how much is left
— Nick Baumgardner (@nickbaumgardner) January 23, 2015
The portion owed by Harbaugh if he leaves will be equal to the number of months remaining from the day he opts out.
— Nick Baumgardner (@nickbaumgardner) January 23, 2015
With signing bonus, Harbaugh will make $7 million next season. And deferred comp could make that even more after the season ends.
— Nick Baumgardner (@nickbaumgardner) January 23, 2015
Michigan's coaching staff will have a fund of $4-5 million for assistant coaches, not including strength staff.
— Nick Baumgardner (@nickbaumgardner) January 23, 2015
Harbaugh will get usage of a private airplane for recruiting, per his contract.
— Nick Baumgardner (@nickbaumgardner) January 23, 2015
Michigan also must give Harbaugh written notice before committing him to promote or endorse any type of product
— Nick Baumgardner (@nickbaumgardner) January 23, 2015
