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Jun 14, 2021 · Not only is Jim Harbaugh being paid $5 million a year as a coach for the Michigan Wolverines, but Michigan is also helping him start a life insurance policy as part of his benefits. They’ve loaned him $4 million to start a policy and $2 million a year for the following 5 years.
Oct 4, 2017 · In August 2016, the University of Michigan announced that it had amended its contract with head football coach Jim Harbaugh to include a creative deferred compensation alternative involving cash value life insurance.
Aug 18, 2016 · ANN ARBOR, Mich. (AP) — Michigan has agreed to pay a $2 million annual life insurance premium for Jim Harbaugh, effectively increasing the football coach’s pay to $7 million a year. In a contract addendum that went into effect June 3, Harbaugh is the owner of the policy, meaning he can take withdrawals or loans from the policy.
Jan 9, 2024 · Making it less cost-prohibitive to leave, Harbaugh is set to enter Year 3 of his Michigan contract on Thursday, Jan. 11 — marking a drop in his required buyout from $2.25 million to just $1.5...
Aug 18, 2016 · Michigan football coach Jim Harbaugh has received a $2 million-a-year raise from the university in the form of a life insurance policy. Harbaugh signed an addendum to his contract in...
Aug 18, 2016 · In addition to his $5 million salary, Michigan will loan Jim Harbaugh $4 million in 2016 and an additional $2 million for the following five years to pay the premium on a life insurance...
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Feb 17, 2022 · A $2 million-per-year life insurance policy was later tacked on to the agreement, making Harbaugh one of the highest compensated coaches in college football.
