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Started By
Message
2016 Coaching Salary list is out
Posted on 10/26/16 at 10:10 am
Posted on 10/26/16 at 10:10 am
LINK
and the top dog is...
some others who could be in our coaching search...
jimbo 5.25
charlie strong 5.2
stoops 5.5
dabo 4.4
mullen 4.2
shaw 4
gundy 3.7
herman 3
fedora 1.9
fleck 816k
petrino 3.9
and the top dog is...
quote:
Jim Harbaugh
Total Pay
$9,004,000
+2,000,000 from Previous Year
some others who could be in our coaching search...
jimbo 5.25
charlie strong 5.2
stoops 5.5
dabo 4.4
mullen 4.2
shaw 4
gundy 3.7
herman 3
fedora 1.9
fleck 816k
petrino 3.9
This post was edited on 10/26/16 at 10:15 am
7
Posted on 10/26/16 at 10:11 am to 1999
Didn't he pay like 4 million of that to his staff?
Posted on 10/26/16 at 10:14 am to 1999
$9M?
Holy crap that's ridiculous for a college coach.
Holy crap that's ridiculous for a college coach.
Posted on 10/26/16 at 10:14 am to 1999
harbaugh is totally worth it
Posted on 10/26/16 at 10:16 am to MetArl15
i read 4 million is in life insurance payments
Posted on 10/26/16 at 10:16 am to 1999
quote:
Jim Harbaugh's compensation is in the form of an annual life insurance premium payment by the university.
How it works is Harbaugh owns this insurance policy.
If he is coaching the team on Dec. 6 of each year from 2016 through 2021, Michigan makes the $2 million annual premium payment to the insurance company.
Then, because Harbaugh owns the policy, he can take withdrawals or loans from the policy.
The university will get its money back, without interest, when Harbaugh dies. There are other scenarios under which U-M would get its money back: If the policy is surrendered or cancelled prior to Harbaugh's death or the money would come from Harbaugh if he exercises his option to terminate the entire insurance arrangement in the event that his employment contract is terminated.
Posted on 10/26/16 at 10:33 am to 1999
quote:
2016 Coaching Salary list is out
What this tells me is that Clemson better step the frick up because no way he should be getting paid less than stoops or strong or even fisher and getting just 200k more than Mullen, are you fricking kidding LOL that is a joke.
quote:
jimbo 5.25
charlie strong 5.2
stoops 5.5
dabo 4.4
mullen 4.2
Posted on 10/26/16 at 10:38 am to Chad504boy
quote:
very strange
sounds like a whole life policy. i'm not an agent, but i plan for my family's future "in case I don't make it home one night" as the insurance guys like to say.
I believe you can, once it reaches a certain amount, pull out of the policy whatever dollar amount you've put in and the payout upon death is lessened by whatever amount you've yet to pay back. could be wrong though as i obviously haven't seen his policy.
Posted on 10/26/16 at 10:42 am to bamasgot13
michigan's being innovative now
i wonder how prevalent that kind of arrangement is in this space.
i wonder how prevalent that kind of arrangement is in this space.
Posted on 10/26/16 at 10:43 am to Dudebro2
yeah some unlucky school is going to be used to get a dabo a nice raise eventually.
Posted on 10/26/16 at 10:59 am to 1999
quote:
Message 2016 Coaching Salary list is out by 1999 yeah some unlucky school is going to be used to get a dabo a nice raise eventually
Yeah, Clemson when he jumps to Bama
Posted on 10/26/16 at 1:16 pm to The Egg
quote:
michigan's being innovative now
They had to in order to make paying that much for a coach palatable.
Posted on 10/26/16 at 1:21 pm to 1999
Need to be willing to give Jimbo 6.5. Step up to the plate if you want to be an elite program.
Posted on 10/26/16 at 2:12 pm to 1999
And the most overpaid coach in America continues to be Ol' Kirk...
Posted on 10/26/16 at 2:16 pm to Chad504boy
quote:
very strange
Nope, not strange at all. Life insurance is used a lot in business. Several different options for creative compensation plus protecting the company/university as well. The average person working a job might not have or see the need but trust me this happens ALOT!
Good for Michigan/Harbaugh for being creative.
Posted on 10/26/16 at 3:02 pm to The Egg
quote:
harbaugh is totally worth it
Great coach.
Has never won a conference title.
Posted on 10/26/16 at 3:12 pm to DrEdgeLSU
He won the NFC Conference.
Posted on 10/26/16 at 3:13 pm to DrEdgeLSU
quote:
Has never won a conference title.
So finishing 1st in the conference at San Diego 2 years in conference and 1st in the NFC West 2 straight years doesn't count as conference titles?
Posted on 10/26/16 at 3:21 pm to CRAZY 4 LSU
Pony Up then.........
LINK
quote:
Fisher's buyout would be a little more than $33 million according to the report, making him an expensive proposition if another school would be interested in him as a coaching candidate.
LINK
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