University of Michigan coach Jim Harbaugh has agreed to a new five-year contract with the Wolverines after flirting with a return to the NFL last month.
Before he interviewed for the Minnesota Vikings' vacancy, Harbaugh led Michigan - who are 28/1 to win the NCAAF Championship next year - to the Big Ten Championship and College Football Playoff semi-final last season.
He returned to his alma mater in 2015 following a four-season stint with the San Francisco 49ers that peaked when he took on - and ultimately lost to - his brother John's Baltimore Ravens team at Super Bowl XLVII.
Following a disappointing 2020 season, Harbaugh agreed to a four-year, incentive-laden contract extension that dramatically reduced his base pay, taking him from one of the highest-paid coaches in college football to a salary of $4 million.
And, although the terms of his new deal have not been announced, Harbaugh is likely to be back among the top tier of earners in the college ranks again after the reworked agreement.
"I love Michigan Football, the University of Michigan and the Ann Arbor community," said Harbaugh in a statement.
"My family and I are excited to continue leading this football program, and we are thankful for the support that our athletic department and university administration have demonstrated toward the team."
There have been consequences to his decision to interview for the Vikings head coaching vacancy in January, as the uncertainty surrounding his future then led to offensive coordinator Josh Gattis and defensive coordinator Mike Macdonald leaving for new jobs with the Miami Hurricanes and Baltimore Ravens, respectively.
Harbaugh promoted internally for his new co-offensive co-ordinators and hired Vanderbilt defensive co-ordinator Jesse Minter to fill that role.