Harbaugh contract details released by Freep
Jim Harbaugh's compensation contract is in the Freep, probably they did FOIA request:
http://www.freep.com/story/sports/college/university-michigan/wolverine…
Personally, the amounts while large by what the "average guy" earns, but they are not out of line vs. what the top college coaches make AND as previously reported, he did make sure that his Assistant Coaches were well compensated. Also keep in mind, that the success of the football team helps pay for most all the other sports at Michigan and keeps the department self-funded. Go JH & Go Blue!
[Mods please delete if this has already been posted]
January 23rd, 2015 at 5:28 PM ^
Especially when you consider how much Mattison and Borges/Nuss were making. If I remember right, they were both paid around top 5-10'ish for coordinators. To go from there, and bump the whole pool up 25% or more is big.
January 23rd, 2015 at 6:12 PM ^
January 23rd, 2015 at 4:26 PM ^
that tiny buyout. Everything else is fine.
January 23rd, 2015 at 5:13 PM ^
....to you.
[I kid, I kid}
January 23rd, 2015 at 4:33 PM ^
Coaches' contracts are funny. I love how his "base salary" is $500,000 and the other $4.5 million is "additional compensation."
January 23rd, 2015 at 4:37 PM ^
Your right, no different than the cost of season Michigan football tickets, as you need to include the yearly PSD as part of your "cost".
January 23rd, 2015 at 4:37 PM ^
I was going to post the same thing... I wonder if there is some Michigan state law regulating the base pay of a state funded organization.
Can anyone else shed some light on this?
January 23rd, 2015 at 4:47 PM ^
Does it matter that his pay is not coming from public funds? Good questions.
January 24th, 2015 at 4:06 AM ^
In 2003 or so all of those money streams were run thru the university and paid to the coach as additional comp. This was because UM came dangerously close to an LOIC finding in the hoops case and was advised that having control of all money flows to the coach was important to show institutional control.
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January 23rd, 2015 at 4:44 PM ^
January 23rd, 2015 at 4:49 PM ^
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January 23rd, 2015 at 4:50 PM ^
SMH. You have to avoid the Freep for the zealots on this board.
January 23rd, 2015 at 7:49 PM ^
When Knight-Ridder sold the Masthead to Gannett in 2005.
January 23rd, 2015 at 5:38 PM ^
I like the assistant pool but I think its more of a "if need be" status
Just guessing out loud
- Mattison same place he was last year somewhere in $800Ks
- Durkin was $490K at UF to be DC, I don't see that much different here - maybe a bump to $600K
- Drevno I assume is less than Nuss so let's say $600K
So that's the big 3 with a major outlier for us paying our former DC as a DC despite being a position coach = $2M
- The other 6 lets say $250-$300Kish, so $1.8Mish. Maybe a guy or two is $350K so let's say $2M for the bunch
So we are in a "need be" status right now due to Mattison's "outlandish contract" for a position coach at $4M. When GMatt retires in a few years you drop about $500K off the books, offset by raises over time to Drevno and Durkin or more likely their replacements when they move on to be HCs.
So I think we'll generally be in the $3.5M-$4M range and then we have a $1M buffer. All this needs to be adjusted for COLA in the assistant / coordinator game where inflation is thru the roof. Hoke got plenty of budget to succeed.
January 23rd, 2015 at 5:53 PM ^
Don't have a problem with the buyout amount. It's kind of a unique situation. He's really not going to any other school and if he wants to go to the NFL then he's going. It's not like the athletic dept needs the money. Besides, big buyouts are more for programs that are afraid their coach is gonna leave for somewhere better, and who's got it better than us?
January 23rd, 2015 at 6:19 PM ^
Nothing against the op, but the freep can suck it
January 24th, 2015 at 5:16 AM ^
The people who run the Freep are truly evil with profits and money as their only motivation.
January 23rd, 2015 at 9:33 PM ^
January 23rd, 2015 at 11:59 PM ^
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January 24th, 2015 at 12:34 AM ^
The Adidas money in Jim Harbaugh's Michigan contract
Harbaugh also gets a $4,000 "personal" annual allowance of Adidas product. It's valued at wholesale, a $8,000 retail value. The allowance presumably is for Adidas gear in addition to what Harbaugh wears at practice and on the sidelines.
January 24th, 2015 at 9:27 AM ^
January 24th, 2015 at 5:15 AM ^
It seems like money well spent, considering he is leading a corporation with a near billion dollar market cap... I hope he sticks around 6 or 7 years and leaves a legacy of excellence that continues long after he leaves... IMO that is what Harbs plans to do.