According to John U. Bacon, Jim Harbaugh's salary will be about $5 million per year, plus incentives, which is similar to the contract he had with the San Francisco 49ers. This is about $3 million per year less than what NFL Network's Ian Rapoport reported two weeks ago. According to Bacon, Harbaugh told Michigan interim athletic director Jim Hackett that he didn't want to be the highest paid coach in college football and was more concerned with the salaries of his assistant coaches. UPDATE: Contract length is seven years according to Bacon.