Per a report from CBS reporter Joe Pequeno out of KPHO in Phoenix, Arizona, Michigan's offer to Jim Harbaugh is for six years and 49 million dollars.

If these numbers are correct, it would make Harbaugh the highest paid coach in college football. Nick Saban at Alabama is currently the highest paid coach in the NCAA at 7.3 million/year. Those numbers at 8+ million/year would also make him the highest paid coach in either college or the NFL, as Sean Payton in New Orleans and Pete Carroll in Seattle make an even 8 million/year.

A friend close to the Michigan program told me Michigan is offering Jim Harbaugh 49 million for six years to be the team's new coach. — Joe Pequeno (@JoePequenoCBS5) December 17, 2014



Harbaugh has long been Michigan's top target for the head coaching position that opened up after the Wolverines fired Brady Hoke last month. A former quarterback at Michigan, Harbaugh is considered one of the top overall minds in the game, leading the San Francisco 49ers to three straight NFC Championship games and one Super Bowl appearance.

NFL Network's Ian Rapoport chimed in Wednesday afternoon on Twitter, saying he'd heard "#Michigan has made another run at Jim Harbaugh after he initially rebuffed the school. U-M has made an offer of 6 years, $48M. Wow."