The wheels may be turning in Ann Arbor. Per CBS reporter Joe Pequeno out of KPHO in Phoenix, Ariz., Michigan has made its offer to Jim Harbaugh.
It’s to the tune of six years and $49 million.
A friend close to the Michigan program told me Michigan is offering Jim Harbaugh 49 million for six years to be the team's new coach.
— Joe Pequeno (@JoePequenoTV) December 17, 2014
If that is in fact the case, and Harbaugh accepts the offer, it would make him the highest paid coach in the college game, ahead of Alabama’s Nick Saban, who rakes in $7.3 million per year.
Beyond that, Harbaugh would also be making more money per year than any coach in the NFL. Sean Payton of the New Orleans Saints and Pete Carroll of the Seattle Seahawks make an even $8 million per year.
It’s no secret that Harbaugh is and will continue to be Michigan’s No. 1 target throughout the coaching search, and that fact remains even if these reported numbers aren’t true or are exaggerated. Rumors in the search have really been heating up the last few days, and these enormous numbers are only adding fuel to the fire.
We’ll see where this goes and what it means for the future of Michigan’s program.
ESPN’s Ian Rapoport has tweeted out that the offer is good for six years, $48 million.
Sources: #Michigan has made another run at Jim Harbaugh after he initially rebuffed the school. U-M has made an offer of 6 years, $48M. Wow.
— Ian Rapoport (@RapSheet) December 17, 2014
Bruce Feldman of FOX Sports is reporting that an $8 million-per-year offer to Harbaugh is “not accurate.”
As I said on @FoxSports1 today, I was told by sources the reports on the $8M per offer by #Michigan to Jim Harbaugh are not accurate.
— Bruce Feldman (@BruceFeldmanCFB) December 18, 2014
Tyler Fenwick is the managing editor of The Big House Report. Follow him on Twitter @Ty_Fenwick.