With a remarkable 87–25 record in nine seasons at his alma mater, Harbaugh has notably led Michigan to a flawless 13–0 season, despite facing two three-game suspensions during the regular matches. Although his existing contract spans until 2026, the Wolverines are eager to secure his commitment amid annual speculation linking him to NFL coaching roles.
Previously, Michigan had presented Harbaugh with a five-year extension totaling $55 million. Known for his success at both college and NFL levels, Harbaugh notably achieved a 44–19–1 record with a Super Bowl appearance during his four-year tenure with the San Francisco 49ers. Before that, he notably revitalized Stanford’s football program, attaining a 29–21 record over four seasons from 2007 through 2010.
Despite earning $8,254,600 this season (excluding postseason incentives), ranking 12th among college football coaches in compensation, Harbaugh expressed willingness to take a reduced salary to advocate for player compensation. His base salary for 2023 stands at $7.63 million, with the potential to earn up to $3 million in postseason incentives. He vocalized support for player compensation, emphasizing his readiness to make personal financial concessions for their benefit.