The Wolverines announced Monday that football coach Jim Harbaugh and basketball coach Juwan Howard — among other head coaches employed by the athletic program — will each take 10% pay cuts from August 1 through the end of the fiscal year. As a result, Harbaugh — currently the third-highest paid coach in the country ($7.5 million) — will make $6.75 million, while Howard’s salary will be reduced from $2 million to $1.8 million.
Michigan anticipates a shortfall of $26.1 million during fiscal year 2021. The coronavirus pandemic is expected to cut revenue from $187.4 million to $135.8 million, which is the genesis for cost-cutting measures that are expected to reduce payroll by $6 million. Team/game expenses are expected to be reduced by $6.5 million.
Michigan coaches Jim Harbaugh, Juwan Howard among Wolverines taking 10% pay cuts amid coronavirushttps://t.co/yrfgDbJCGI
— Barrett Sallee (@BarrettSallee) June 30, 2020
Michigan’s Jim Harbaugh, Juwan Howard among employees to take 10% pay cut https://t.co/4uVhaWFtwv
— Detroit Free Press (@freep) June 30, 2020
Santiago Leon is the Founder and CEO of the Sports Cast. He covers NFL, NBA, and world soccer. He’s also founder of sleon productions, which he specializes in technology and serves clients with solutions to make their business grow.
