How Michigan rained cash on Jim Harbaugh Net Worth

Jim Harbaugh, a 57-year-old well-known former long-ball playing Quarterback, currently coaching Michigan Wolverines is undoubtedly a big name in American football. He has experienced 10 playoff wins, which is the second-best stats in the NFL since 2008. In college football, Jim has had an exceptional coaching career leading Stanford Cardinal to an Orange Bowl victory and helping San Francisco 49ers to regain their lost glory of national relevance. He took a mediocre team to a Super Bowl appearance in 2012.

Backed up by such an impressive CV, Michigan Wolverines poured in cash to negotiate a contract with him worth $45.4 million. Michigan had high expectations, hoping Jim’s man-management would help the team to be regular competitors for the championship. And this gamble by Wolverines worked fine for the first 2 years as the team scored 10-3 both years, earning them a 10th and 12th position finish respectively in the AP poll. But, since then the magic in Jim Harbaugh’s coaching wand has somehow vanished. Wolverines have failed to reach the playoffs for 6 consecutive years in a row and are sitting at a dismissal of 2-4 this year. Such drastic stats considering the amount they pay to the management staff has angered Wolverines fans and the Michigan University sports council.

Currently, Harbaugh is contracted to be paid $2 million by Michigan for his Insurance. And as the Life insurance policy’s value has spiked up to $35 million and $75 million, Harbaugh can keep borrowing as his policy gains cash value. The understated clause by the University of Michigan would help them to get back their paid money on Insurances when Harbaugh dies, but that road is still a long way from home. With the pandemic breakout, many games have been delayed or canceled. So, if the Wolverines have to turn their fate around they have to wait for the next season.