John Bacon just released a tweet minutes ago on the Jim Harbaugh contract at Michigan saying "BREAKING NEWS: Straight from UM AD Jim Hackett. Harbaugh's salary will be roughly $5M a year, plus incentives, same basic contract as 49ers."

There was wide speculation that Jim Harbaugh's deal would be worth six years and 49 million dollars.

Harbaugh is set to be announced today as Michigan's next head coach during today's 12:00PM EST press conference in Ann Arbor.

BREAKING NEWS: Straight from UM AD Jim Hackett. Harbaugh's salary will be roughly $5M a year, plus incentives, same basic contract as 49ers. — John U. Bacon (@Johnubacon) December 30, 2014



