Michigan Wolverines coach Jim Harbaugh to receive base salary of $7.05 million this fall

Michigan coach Jim Harbaugh will receive a base salary of $7.05 million this fall and up to $7.6 million in the final year of his new contract, which runs through the 2026 season, according to a copy obtained by ESPN on Thursday.

Harbaugh, 58, signed the five-year deal following his most successful season as the Wolverines' head coach — and after what ]has been arguably his most tumultuous offseason. The renewed commitment comes two weeks after Harbaugh's highly publicized Feb. 2 interview with the Minnesota Vikings on national signing day. Following the news that he did not receive an offer, Harbaugh and athletic director Warde Manuel agreed Harbaugh would continue to be the head coach at his alma mater.

The new terms also include a hefty fine if Harbaugh decides to leave early, though Harbaugh told the Detroit Free Press he assured Manuel his flirtation with the NFL would not be a recurring issue. If Harbaugh leaves prior to the end of this contract «for any reason,» he would owe Michigan $3 million in the first year. The buyout then drops to $2.25 million in the second, $1.5 million in the third, $750,000 in the fourth and zero in the fifth and final year.

«I love Michigan Football, the University of Michigan and the Ann Arbor community,» Harbaugh said in a prepared statement. «My family and I are excited to continue leading this football program, and we are thankful for the support that our athletic department and university administration have demonstrated toward the team. I appreciate all that our players, coaches and staff are doing to excel on and off the football field. My enthusiasm for tomorrow, the day after and every day following is as high as ever, and we are ready to get on the practice field and start