The Michigan Wolverines and their coach Jim Harbaugh are celebrating an amazing victory! The team had an undefeated season and ended it with a stunning 34-13 triumph over the Washington Huskies at the CFP National Championship 2024 in Houston.

As the Michigan Wolverines clinched the national title, head coach Harbaugh whose net worth is currently $35 million, also hit a financial touchdown with massive earnings through multiple bonuses this season!

Jim Harbaugh earned $10 million this season!

Jim Harbaugh, the head coach of Michigan Wolverines, was the highest-earning college football coach this season. He had a base salary of $7.63 million and received $3 million in bonuses. With his team’s win in the Big Ten title, he earned his first bonus of $500k. Then, with their appearance in the College Football Playoff, he earned another $500k bonus.

Trending

Shedeur Sanders Becomes the “Laughing Stock” of College Football as He Ignores NFL Legend’s Advice to Target Gavin Kuld

May 18, 2024 02:10 PM EDT

Mom Randi Defends Son Patrick Mahomes as Chiefs Dragged Through Mud Due to Harrison Butker, Wanya Morris & Jason Godrick’s Controversies

May 18, 2024 05:57 PM EDT

Millionaire Best Friend Shedeur Sanders and Co. Can’t Hold Back as Travis Hunter Flaunts $120K Birthday Present From Fiancée Leanna

May 19, 2024 04:53 AM EDT

Patrick Mahomes & Brittany Unexpectedly Silent as Mahomes Family Swarmed With Wishes on Brother Jackson’s Birthday

May 16, 2024 02:07 PM EDT

$35 Million Worth Drew Bledsoe Breaks Silence on How Much Netflix Paid Him for Tom Brady Roast

May 16, 2024 07:46 AM EDT

Get instantly notified of the hottest NFL stories via Google! Click on Follow Us and Tap the Blue Star.

Follow Us

Michigan’s triumph in the Rose Bowl resulted in an additional $1.5 million being added to Jim Harbaugh’s retirement fund. Furthermore, they earned a $1 million bonus after their victory against the Huskies in Houston, which brought Harbaugh’s total earnings to a whopping $10 million. Moreover, Michigan has extended Harbaugh’s contract to ensure his continued presence at the university, adding another layer to the narrative.

Will the contract extension with a massive bonus make Harbaugh stay at Michigan?

As previously reported by Ian Rapoport of NFL Network, the University is extending a tempting 10-year, $125 million contract to Harbaugh. The contract includes a unique provision that bars him from pursuing or considering NFL coaching opportunities for the 2024 season. Harbaugh, who boasts an impressive 87-25 record in nine seasons at Michigan, including an unblemished 13-0 mark this year, faces this substantial offer amid a season where he faced two three-game suspensions.

Read more: Former ‘Honorary’ Captain of Michigan Wolverines Michael Phelps, Once Used His Wit to Guide Them to Semis

Although Harbaugh’s existing contract spans until the 2026 season, his consistent mention in NFL coaching circles has led to this significant move. Notably, he has previously explored opportunities with the Minnesota Vikings and Denver Broncos.

Earlier reports by Sports Illustrated’s Richard Johnson indicated Michigan’s prior offer of a five-year extension valued at $55 million, underscoring the escalating stakes in the ongoing negotiations, as the University seeks to solidify Harbaugh’s enduring commitment to his alma mater. The question that arises now is whether Harbaugh is willing to continue coaching at Michigan or not. However, this win-win scenario not only crowns Michigan as champions but also elevates Harbaugh’s status as a top-earning and successful coach in the league.

Watch this Story: Did Michael Phelps Swap Loyalties From Baltimore Orioles to Arizona Teams Over Friendship With John Rahm?