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Jim Harbaugh is the new head football coach at the University of Michigan, and his average annual salary will be no greater than it was with the 49ers.
Harbaugh's new contract is a seven-year deal worth $5 million annually with 10 percent increases after years three and five.
It included a $2 million signing bonus and a number of incentives are built in:
If team plays in Big Ten Championship Game: $125,000
OR if team wins Big Ten Championship Game: $250,000
If team plays in Bowl Game selected by College Football Playoff Selection Committee: $200,000
Or if team plays in four-team College Football Playoff Game: $300,000
If team wins National Championship Game: $500,000
Coach of the Year:
If named Big Ten Coach of the Year: $50,000
If named Associated Press, Paul 'Bear' Bryant, Sporting News, Walter Camp, Maxwell Football Club or ABC/ESPN National Coach of the Year (can only achieve one per year): $75,000
Academic Progress Rate (APR) of 960 or higher (both multi- and single-year calculation): up to $150,000 per year
Following review by the athletic director on the progress of the football program after the 2015 season, the University of Michigan will reportedly determine an appropriate deferred compensation arangement.
Harbaugh and the 49ers mutually parted ways prior to the last year of a five-year, $25 million contract.