Jim Harbaugh is reaping significant financial rewards during this college football season.
The head coach of the Michigan Wolverines, Jim Harbaugh, has enjoyed substantial financial gains this season, a testament to his leadership of one of college football’s most successful programs. In the past two weeks alone, Harbaugh has amassed over $2 million in bonuses.
As reported by MLive’s Aaron McMann, Harbaugh’s salary has surpassed the ten-million-dollar mark for the second consecutive year, reaching a total of $10 million to date. His base salary for the year stood at $7.2 million, supplemented by performance bonuses exceeding $2 million.
Harbaugh secured a $500,000 bonus when the Wolverines triumphed over Ohio State last month, despite being under suspension at the time. Another $500,000 came his way for guiding his team to the College Football Playoff, and an additional $1 million was earned following the Big Ten title win over Iowa last weekend.
The potential for more financial gains looms as the Wolverines face Alabama in the playoffs. Harbaugh stands to earn another $1 million if his team secures victory, with the prospect of an even more substantial payday if they clinch a National Championship. The upcoming Rose Bowl matchup against the Crimson Tide on January 1 provides the next opportunity for financial success.
Despite his flourishing college coaching career, Harbaugh is also the subject of speculation regarding a potential return to the NFL. Such a move could potentially result in a sizable raise, considering the financial success he has achieved in the collegiate realm. If his current earnings in college football are any indication, a coaching position in the NFL might command a salary in the range of $15-20 million per season.