Life Insurance coverage An Added Perk For Michigan Coach Jim Harbaugh

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Michigan athletic director Warde Manuel stated final 12 months he needed Jim Harbaugh to remain at U-M till he retired.


On Monday, Manuel reiterated that very same need.


"I stand by my choice and my assertion that I need him to retire right here," Manuel stated on the Massive Ten athletic director conferences.


When requested if he had mentioned a contract extension with Harbuagh, Manuel declined to remark.


"I am not going to announce any conversations I've had with Jim about his contract or no matter," Manuel stated.


Harbaugh is about to enter 12 months 5 of his seven-year deal that was crafted by then-interim athletic director Jim Hackett. In 2016, a deferred compensation addendum within the type of a life insurance coverage coverage added $2 million to Harbaugh's yearly earnings.


Final 12 months, Harbaugh earned $7.504 million in complete pay, third-highest within the nation behind Alabama's Nick Saban and Ohio State's City Meyer, who has since retired.


Harbaugh's unique contract is ready to run out in 2021. His base wage is scheduled to extend by 10 % in January 2020. His contract additionally requires "an analysis of Harbaugh's efficiency and a assessment of his compensation in contrast with that of his 'friends' at this level."


Whether it is decided that Harbaugh is compensated "lower than his truthful market worth," then there could be negotiation to extend Harbaugh's compensation to truthful market worth. This enhance would take the place of the initially scheduled 10 % enhance, if valued to be extra.


Contact Orion Sang at [email protected]. Observe him on Twitter @orion_sang. Learn extra on the Michigan Wolverines and join our Wolverines publication.


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