ANN ARBOR, Mich. (UPI) -- The Michigan Wolverines have reached a four-year contract extension with head football coach Jim Harbaugh that will run through the 2025 season, athletic director Warde Manuel announced Friday.
"I continue to believe that Jim is the right man to lead our program in pursuit of Big Ten and CFP championships," Manuel said in a statement. "Our program didn't achieve at a level that anyone expected this year but I know those setbacks will drive the coaches, players, and staff moving forward.
"Jim is a tireless worker and competitor. Following the completion of the season, we talked for many hours on what it will take for Jim to lead and get us back on the right trajectory."
Details on new Harbaugh deal with Michigan
Harbaugh's new deal will pay him a base salary of $4 million in the 2021 season, which will increase to about $4.4 million in 2025. He can earn a maximum bonus of about $3.5 million in each year of the extension, including $1 million bonuses for winning the Big Ten title and College Football Playoff national championship.
Michigan would owe Harbaugh more than $4 million if the school fires him in 2021. His buyout to leave the program begins at $2 million in 2021 and drops by $500,000 in each subsequent year.
"Over the past few weeks, Warde and I had discussions that have been honest, open, insightful and constructive in moving our football program forward," Harbaugh said Friday.

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