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49ers coach Jim Harbaugh has been offered a six-year, $48 million deal to coach the University of Michigan football team, according to NFL Network's Ian Rapoport.
Sources: #Michigan has made another run at Jim Harbaugh after he initially rebuffed the school. U-M has made an offer of 6 years, $48M. Wow.— Ian Rapoport (@RapSheet) December 17, 2014
The deal would make Harbaugh the highest-paid coach in all of college football, topping Nick Saban's lucrative $7.1 million salary at Alabama.
The Wolverines have an opening at head coach following the dismissal of Brady Hoke, and find themselves in a long line of suitors interested in Harbaugh's services, which includes, but is not exclusive to, the New York Jets and Oakland Raiders.
There is widespread speculation that Harbaugh will not return to the 49ers in 2015, even though he is under contract for one more season.
Harbaugh attended high school in Ann Arbor and played quarterback at Michigan from 1983-1986.
He was named the Big Ten Player of the Year as a senior before being selected in the first round of the 1987 NFL draft by the Chicago Bears.
Harbaugh's college coaching resume includes the San Diego Tereros and the Stanford Cardinal.