Michigan coach Jim Harbaugh has already netted more than $2 million in bonuses for leading the Wolverines to a Big Ten title and College Football Playoff semifinal berth.
It will take two victories before Harbaugh is eligible for another seven-figure payout. Wins over TCU in the Fiesta Bowl on Saturday and another in the CFP title game on Jan. 9 would trigger a $1 million bonus.
Harbaugh received $500,000 for winning the Big Ten East Division title, $1 million for the overall conference title and another $500,000 for making it to the College Football Playoffs. He also took in $50,000 for winning Big Ten coach of the year.
- Georgia coach Kirby Smart is up to $850,000 bonuses so far, according to USA Today. Georgia faces Ohio State in the other playoff semifinal, the Peach Bowl, on Saturday.
- Ohio State coach Ryan Day earned $250,000 for making it into the playoff, and could earn $100,000 more by advancing to the title game.
- TCU coach Sonny Dykes bonus structure isn’t known. As a private school, TCU does not release contract information. He recently received an extension through 2028.
Harbaugh agreed to cut his compensation about half for the 2021 season to around $4 million as part of renogotiated contract. He also renounced $1.5 million in bonuses that were funneled to athletic department staffers who had their pay cut as a result of the pandemic.