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Jim Harbaugh is getting paid big money to coach the LA Chargers.
Before winning the national championship, there were reports that Michigan was ready to make Harbaugh the highest-paid coach in college football at $12.5 million a year.
Unfortunately for Michigan, the Chargers had deeper pockets and are reportedly going to pay Harbaugh $16 million/year for 5 years.
The Chargers, stung by the perception that they’re cheap, apparently broke the bank to get Jim Harbaugh back in the NFL.
Per multiple sources, it’s believed the former Michigan coach will receive an average salary of $16 million per year from his new team.
Harbaugh’s deal, based on prior reports, covers five years. If it’s all guaranteed, that’s an $80 million commitment.
It is worth noting that Michigan offered Harbaugh a ten year deal before he opted to sign with the Chargers.
At $16 million a year, Harbaugh will become the second highest-paid coach in the NFL behind Sean Payton, who earns $18 million a year.