Michigan is working on a lucrative contract extension in hopes of keeping Jim Harbaugh as the coach of the Wolverines through the 2028 season, according to multiple reports. The potential five-year, $55 million deal, first reported by Richard Johnson, would make Harbaugh the highest-paid coach in the Big Ten and second-highest paid in college football behind Alabama’s Nick Saban.
The contract is not yet finalized, according to Yahoo Sports, nor has Harbaugh agreed to extend his time at Michigan. He remains under an ongoing contract with the Wolverines.
This negotiation comes as Harbaugh is set to lead Michigan into its third straight College Football Playoff with the Wolverines seeking their first national championship since 1997.