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 4:05 PM ^
January 23rd, 2015 at 4:16 PM ^
January 23rd, 2015 at 4:20 PM ^
They still have the same crap newspaper.
January 23rd, 2015 at 4:37 PM ^
January 23rd, 2015 at 4:50 PM ^
They still have that POS Drew Sharp and have their heads so deep up their butt that they think John Harbaugh is the HC at Michigan.
January 23rd, 2015 at 4:52 PM ^
They've changed exactly 0% since they went on a witch hunt to make a name for themselves at the expense of our program and a few surprised underclassmen. I'm sure they'd do it again. Forget them
January 23rd, 2015 at 5:17 PM ^
January 23rd, 2015 at 5:27 PM ^
January 23rd, 2015 at 5:56 PM ^
No. Fuck the FREEP.
January 23rd, 2015 at 6:51 PM ^
When they change their business model from trying to take down the University of Michigan to reporting news then maybe,...well, no, we will never end the boycott.
January 23rd, 2015 at 8:08 PM ^
Feel free to induldge yourself at the "news" outlet that I shall not give the diginity of naming. I will not knowingly provide one click there. These fokes count on people forgetting. I will not forget!
January 23rd, 2015 at 7:47 PM ^
Boycotting the Freep isn't a grudge; it's boycotting a shitty "newspaper" for its lack of jouralistic standards and ethics.
January 23rd, 2015 at 7:55 PM ^
Are they still the same shit newspaper? Have they shown one ounce of contrition for their witch hunt? Is Drew Sharp still employed there?
If they answers are, in order, Yes No and Yes. Then fuck them.
January 23rd, 2015 at 10:28 PM ^
January 24th, 2015 at 12:40 AM ^
And the answer is NO!
January 23rd, 2015 at 4:19 PM ^
It takes you straight to the actual document and you can print it out for your collection of UM coach contracts (WD): http://www.scribd.com/doc/253538167/Jim-Harbaugh-U-M-contract
January 24th, 2015 at 12:01 AM ^
I assume WD's room, if not whole house, is full of articles, stat pages, and other Michigan news just plastered to every wall and blacking out the windows. He's just consuming it all the time.
January 23rd, 2015 at 4:06 PM ^
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January 23rd, 2015 at 4:06 PM ^
January 23rd, 2015 at 4:39 PM ^
Adam Schefter is still saying it is not official yet....
January 23rd, 2015 at 4:09 PM ^
No freep please!
January 23rd, 2015 at 4:10 PM ^
January 23rd, 2015 at 6:32 PM ^
Assuming you're talking about if Harbaugh decides to leave Michigan without "good reason", agreed that it's not a particularly large amount (especially as you get closer to Year 4 where it disappears). The lack of a stay bonus or deferred comp also makes it much easier to poach him from a financial standpoint (but don't worry, guys - deferred comp is being negotiated next year, cathedrals, etc.).
On the other hand, the university would have to pay a pretty penny to let him go if they wanted: firing Harbaugh during year 1 without cause would incur a fee of $32,790,000 ($3,000,000 in Base Salary plus $29,790,000 in Additional Comp). Obviously that amount goes down each year he stays on and is subject to Harbaugh's obligation to mitigate by seeking other employment. By comparison, though, Hoke would've been paid $8,000,000 if fired during his first year.
Just for fun, below is a further comparison of some of the economics of Harbaugh's and Hoke's original contracts. (Obviously none of this is legal advice/analysis and shouldn't be construed as such, merely a surface-level read of what each contract contemplates, etc.)
Base Salary:
- Hoke: $300,000 annually
- Harbaugh: $500,000 annually
Additional Compensation:
- Hoke: $1,700,000 annually, increased by $100,000 for each year following the first.
- Harbaugh: $4,500,000 annually, increased by 10% after the third year (i.e., $4,950,000 annually for years 4-5) and an additional 10% after the fifth year ($5,445,000 annually for years 6-7).
Signing Bonus:
- Hoke: N/A
- Harbaugh: $2,000,000
Stay Bonus:
- Hoke: $500,000 for each year, vesting upon conclusion of years 3 and 6.
- Harbaugh: None.
Deferred Comp:
- Hoke: $250,000 (Year 1), $350,000 (Year 2), $450,000 (Year 3), $550,000 (Year 4), $650,000 (Year 5), and $750,000 (Year 6), payable upon conclusion of years 3 and 6.
- Harbaugh: TBD within 30 days following last game played in Year 1.
Performance Pay:
Hoke:
- Any Bowl: $75,000, increasing by $5k/contract year
- "2d/3d Place Conference Bowl: $125,000, increasing by $10k/contract year
- B1G Championship Appearance: $300,000, increasing by $20k/contract year
- B1G Championship Win: $500,000, increasing by $25k/contract year
- Bowl Selected by CFP Selection Committee: N/A
- Appears in Four-Team Playoff: N/A
- Wins National Championship: None.
- Coach of the Year - Big Ten: None.
- Coach of the Year - National Award: None.
- APR off 960 or Higher: None.
Harbaugh:
- Any Bowl: None.
- "2d/3d Place Conference Bowl: None.
- B1G Championship Appearance: $125,000 (non-cumulative)
- B1G Championship Win: $250,000 (non-cumulative)
- Bowl Selected by CFP Selection Committee: $200,000 (non-cumulative)
- Appears in Four-Team Playoff: $300,000 (cumulative)
- Wins National Championship: $500,000 (cumulative)
- Coach of the Year - Big Ten: $50,000 (cumulative)
- Coach of the Year - National Award: $75,000 (cumulative)
- APR off 960 or Higher: AD's discretionary amount of up to $150,000
Again for fun, assuming each coach had gone undefeated in Year 2 (to avoid signing bonus discrepancies) and won everything they could in a given year, their payouts would've been as follows:
- Hoke: $3,475,000 in total, consisting of (i) $2,100,000 in base salary plus additional compensation, (ii) $850,000 in stay bonus and deferred compensation (only payable after Year 3), and (iii) $525,000 for post-season performance (B1G championship)
- Harbaugh: $6,075,000 in total, consisting of (i) $5,000,000 in base salary plus additional compensation, (ii) $800,000 for post-season performance (four-team playoff appearance plus national championship win), (iii) $125,000 for Coach of the Year awards, and (iv) $150,000 for APR scores. This amount does not include any deferred comp which will also be negotiated.
A couple other interesting differences I noticed are:
- Slightly tighter notice requirements upon Harbaugh's discussion of other coaching opportunities (48-hour notice required upon any "material" discussions for Harbaugh or any agent vs. general notice requirement without timeline for "material and substantive" discussions for Hoke).
- Funds of $4-5 million for assistants (excluding S&C) for Harbaugh vs. $2,760,000 for assitants and S&C coach for Hoke.
- Harbaugh's contract specifically provides for private aircraft travel hours as reasonable and necessary for all recruiting purposes.
- Harbaugh got his legal fees covered for up to $30k of the contract negotiations.
- Michigan indemnified Harbaugh for up to $5,000,00 for any action taken against him by the 49ers relating to his termination of that agreement and signing with Michigan (except if it resulted from Harbaugh's gross negligence or wilfull misconduct).
Anyway, I enjoy reading these things so I hope this was interesting for some people.
January 23rd, 2015 at 7:48 PM ^
Hoke was overpaid
January 23rd, 2015 at 9:51 PM ^
1) THANKS!! This is great.
2) Here's hoping that Jim makes $6,075,000 next year.
January 24th, 2015 at 1:55 AM ^
And I actually led you astray there. Harbaugh would be eligible to collect performance pay for the B1G championship in addition to the college playoffs, so his maximum amount in Year 2 (excluding any deferred comp accrued) would be $6,325,000 in total, consisting of (i) $5,000,000 in base salary plus additional compensation, (ii) $1,050,000 in performance payments (B1G championship, four-team playoff appearance, and national championship win), (iii) $125,000 for Coach of the Year awards, and (iv) $150,000 for APR scores.
So here's hoping for $6,325,000 next year.
January 23rd, 2015 at 4:13 PM ^
At $4-5M, the pool for his assistants is a good bit bigger than Hoke's was ($2.5-3.5M) and Hoke's OC and DC were some of the highest paid in CFB. Hoke's assistant pool also included S&C salary. Harbaugh's does not. That's pretty encouraging as well.
And given all of the escalators and bonuses, Harbaugh should be up in Saban territory ($7M/yr) within 2-3 seasons.
No pressure or anything Jim.
January 23rd, 2015 at 4:14 PM ^
Three points on the buyout.
First, no amount of money is going to prevent a match between a pro job and Jim Harbaugh if they really want to make it happen. Speculation would probably never be diminished by a higher dollar amount.
Second is if he is being courted by the NFL and it's serious, it likely means Michigan is back as a national power.
Third is Harbaugh can handle himself perfectly in a recruit's house when addressing the issue. He's been recruiting since before he quit playing pro football. Grinding and learning the art on the job with elbow grease for over a decade and a half save his relatively pro stints as an assistant and then head coach.
January 23rd, 2015 at 4:20 PM ^
January 23rd, 2015 at 4:32 PM ^
Yeah, but given that Harbaugh will be making around $7M by 2017 or so, if an NFL wants to hire him away from Michigan, they'll have to be prepared to pay in that $7-8/yr range. So, something like a 5 year $40M deal. If they are prepared to pay that, then I don't think a $5-10M buyout on top of that would really scare them away.
January 23rd, 2015 at 6:09 PM ^
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January 24th, 2015 at 3:59 AM ^
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January 23rd, 2015 at 5:31 PM ^
No it would not. Everyone here said pay $5M to buyout Jim from his last year at San Fran if need be. That's at a public institution with an athletic department with ~$150M in revenue and far less in profit.
So a billion dollar franchise is not going to balk at $7M if a public university would have paid $5M.
If Jim wants to go some day - he is going. Dollars won't matter.
January 23rd, 2015 at 5:01 PM ^
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January 23rd, 2015 at 6:47 PM ^
Your second point is pretty much how I see the Harbaugh/NFL thing. THE CW is, Oh, he'll be back in the NFL in four years. We'll see about that, but if so, the one implausible scenario is Harbaugh failing his way back into an NFL HC gig.
January 23rd, 2015 at 4:20 PM ^
doublepost
January 23rd, 2015 at 4:20 PM ^
January 23rd, 2015 at 4:22 PM ^
January 23rd, 2015 at 4:33 PM ^
January 23rd, 2015 at 4:21 PM ^
Fuck the Freep.
January 23rd, 2015 at 7:49 PM ^
sums it up
January 23rd, 2015 at 4:22 PM ^
Former coach Brady Hoke had a fund of $3.49 million last year for his nine assistant coaches and the strength and conditioning coach.
Even if Harbaugh's pool is closer to $4 million than $5 million right now, that's significant and reiterates just how all-out they were willing to go and how much they were willing to accommodate everyone. I like the incremental increases in the third and fifth year. That seems to indicate that they are willing to try and keep it together if it works, I would think.