Jim Harbaugh

This past weekend, Jim Harbaugh‘s name came up once again with NFL teams looking into the Michigan head coach. That led to questions about a potential return to the NFL, but such a move will not take place for at least one more year.

“That time of the year type of speculation, but I think no man knows the future,” Harbaugh said, via ESPN’s Tom VanHaaren. “But I think that people that think we’ve done a good job and are pleased with the job that we’ve done here at Michigan, they’re going to be very happy to learn that we will be back enthusiastically coaching the Wolverines in 2023.”

The 58-year-old has been connected to a pro head coaching gig on numerous occasions since his final year with the 49ers in 2014. That held especially true when his Michigan teams previously failed to live up to expectations, but the Wolverines have now qualified for the College Football Playoffs for two consecutive seasons. This year’s success comes after Harbaugh signed a five-year, $36.7MM contract to remain at Michigan, but the possibility of an NFL offer still looms large.

The closest he came to an NFL return was this past winter, when he interviewed with the Vikings. After failing to land the job, Harbaugh informed the school that contemplating NFL gigs would not become a constant occurrence, and that he was happy to remain with the Wolverines. He has, on the other hand, let it be known that his run to the Super Bowl with the 49ers has left a feeling of “unfished business” at the NFL level.

After finishing the season with a perfect record, a second straight win over rivals Ohio State and earning the No. 2 seed for the CFP, Harbaugh and Michigan have a chance to win the national title this year. That could alter his intentions down the road, but for at least the near-term future, his situation will remain the same.

University of Michigan head coach Jim Harbaugh last coached in the NFL in 2014, when he served as the 49ers’ HC. Still, his name pops up in NFL coaching rumors every year, with many such rumors indicating that he remains open to a return to the professional ranks. On Sunday, Tom Pelissero and Ian Rapoport of NFL.com reported that multiple NFL clubs are doing background work on Harbaugh with an eye towards including him in their upcoming head coaching search.

Earlier this year, the Vikings interviewed Harbaugh for their head coaching post, which eventually went to Kevin O’Connell. Despite all of the reported interest in luring Harbaugh back to the NFL, that was the first time since he left San Francisco that he actually took a formal interview with a pro team. And, with the Wolverines having secured a 13-0 record in 2022 to go along with a Big Ten conference championship and a spot in the College Football Playoff for the second consecutive year, he appears to be on firm footing in Ann Arbor (which was not necessarily the case just two years ago).

In fact, after his Minnesota interview, the 58-year-old reportedly told Michigan president Warde Manuel he wants to stay at his alma mater as long as it wants him. He signed a new five-year, $36.7MM deal with the school shortly thereafter, a deal that features a number of incentives that he has earned due to the Wolverines’ 2022 success. However, as Rapoport himself reported at the time, the modest buyouts included in the contract will do little to deter NFL teams from trying to poach him.

Of course, there are a number of other factors for teams to consider before making such a splashy hire. While Harbaugh compiled a 44-19-1 record and an NFC Championship during his four years in San Francisco — along with two other appearances in the conference title game — he has a reputation of being difficult to work with. A report several years ago suggested that those within the 49ers organization considered him “toxic and unbearable,” and it is possible that he would want control over personnel decisions. That is to say nothing of his salary, and it is fair to expect that he would shoot for a deal at the top of the head coaching market, which is presently topped by Rams HC Sean McVay‘s $15MM-$18MM annual payouts.

The Broncos, Browns, Cardinals, Panthers, Texans, and Saints are among the teams that could have head coaching vacancies in a few weeks, and it’s unclear which, if any, of those teams have been looking into Harbaugh. It’s also unclear if Harbaugh would be interested in any of those opportunities.

After failing to receive an offer from the Vikings, Jim Harbaugh will remain at the University of Michigan. For now. Harbaugh agreed to a new $36.7MM deal to coach the Wolverines for the next five years, in theory. According to NFL Network’s Ian Rapoport, though, this extension does little to ensure a long marriage between the two parties involved. 

For the most part, the contract is fairly standard. Harbaugh is set to make around $7.05MM in his first year, a raise of more than $3MM per year, with his salary gradually increasing until he reaches $7.63MM in 2026.

The deal is laced with incentives. Winning the Big Ten East earns Harbaugh $500,000. Winning the conference altogether nets Harbaugh $1MM. An appearance in a New Year’s Six bowl game or the College Football Playoff would gain Harbaugh bonuses of $200,000 and $500,000, respectively. A national title would pay out another $1MM to Harbaugh. He also has award incentives that would pay him $50,000 if he is named Big Ten Coach of the Year and $75,000 if he is named the winner of one of the national coach of the year awards.

Where Harbaugh’s contract differs from what is expected is in the buyout. In the first year, Harbaugh’s contract only lists a $3MM buyout, meaning if a team wanted to hire Harbaugh after next season, Michigan would only be due $3MM despite Harbaugh having four years and $29.65MM remaining on his contract. The buyout gradually decreases each year until, in the fourth and penultimate year of his contract, it totals less than $1MM.

This low buyout will do little to deter any teams eager to hire Harbaugh. It will do even less to keep Harbaugh from looking. It’s an ideal contract for the eighth-year Wolverines head coach. He nets a hefty raise for his accomplishments in the 2021 season, while ensuring an easy exit for the next NFL team that comes calling.