Michigan Coach Jim Harbaugh earned a $1 million bonus after the Wolverines won their first national championship since 1997 on Monday. That’s on top of the $2 million in bonuses he’s already earned this season, which brings Harbaugh’s pay to more than $11 million for the season.
It remains to be seen what Jim Harbaugh’s next contract at Michigan looks like — that’s if there is a next contract at Michigan, of course.
But this is known: Harbaugh’s net worth grew significantly Monday night, following the Wolverines’ 34-13 victory over Washington in the national championship game in Houston.
The national championship, Michigan’s first since 1997, earned Harbaugh a $1 million bonus, on top of the $2 million in bonuses he already had secured this season — $500,000 for winning the Big Ten East, $1 million for winning the Big Ten Championship Game, and $500,000 for making the College Football Playoff.
With the bonuses, Harbaugh’s pay for the 2023 season is more than $11 million, including a base salary of more than $7 million, plus another $1 million toward a retirement account.
