John U. Bacon @Johnubacon · 39m 39 minutes ago
BREAKING NEWS: Straight from UM AD Jim Hackett. Harbaugh's salary will be roughly $5M a year, plus incentives, same basic contract as 49ers.
Jim Harbaugh told Hackett he did NOT want to be the highest paid coach in CFB, or even the Big Ten. More concerned with pay for assistants.
HA! I TOLD YOU FUCKERS!
link?
and lol at the idea that michigan would be the place that would pay the most. lol at everyone who thought that was a thing.
you rough ridin' -nailed- it. as usual great job sd
Are you sure about that, Chingon. Here a little more detailed news on the agreement.
Jim Harbaugh will make at least $7 million in his first year as Michigan's new football coach.
That would be right in line with the $6.9 million annual salary of Alabama's Nick Saban, the highest-paid coach in college football, per USA TODAY Sports. But Harbaugh reaches that figure only because of a $2 million signing bonus.
His contract, however, falls far short of the $8 million annually that NFL insiders have widely reported for the past two weeks. The most common figures cited had been six years for at least $48 million.
Michigan released a one-page sheet today at Harbaugh's introductory news conference with what it titled the "major contract terms." According to that information:
•Harbaugh's contract runs for seven years.
•His annually salary is $5 million with a 10% increase after Year 3 and another 10% increase after Year 5.
•The athletic director will review "the progress of the football program" after this season to determine "an appropriate" deferred compensation arrangement.
Jim Harbaugh's contract details...
That last point could be worth millions. Interim athletic director Jim Hackett said during the news conference that he also would take into account market trends when determining deferred compensation.
Factoring in the 10% increases, the signing bonus and no incentives, Harbaugh's contract has a minimum value of $40.1 million
Well, well, lets divide the "$40.1 million" by 5 years and what do we get... wal la la, a smudge over $8 million per year. Well I'm getting the hell out of the "Wall of Shame" right now. 
