The University of Michigan has solidified its commitment to head football coach Sherrone Moore by finalizing a lucrative five-year contract, positioning him among the nation’s highest-paid college football coaches. This agreement underscores the university’s confidence in Moore’s leadership following the departure of former coach Jim Harbaugh to the NFL’s Los Angeles Chargers.
Effective January 27, 2024, and extending through January 31, 2029, Moore’s contract features a base salary of $500,000 in its inaugural year, with an annual 2% increase. In addition to the base salary, Moore receives $5 million in supplemental compensation during the first year, which also escalates by 2% each subsequent year. To encourage long-term tenure, the contract includes a $500,000 retention bonus for each year Moore remains head coach.
The agreement is laden with performance-based incentives that could significantly boost Moore’s earnings. These include:
– **Conference Achievements**: A $250,000 bonus for leading the Wolverines to a Big Ten Championship game appearance and $500,000 for securing a Big Ten Championship victory.
– **College Football Playoff (CFP) Milestones**: Bonuses of $200,000 for reaching the first round of the 12-team CFP, $300,000 for a quarterfinal appearance, $500,000 for advancing to the semifinals, and $750,000 for a national title game appearance.
– **National Championship**: An additional $1 million bonus if Michigan clinches the national title.
Collectively, these incentives could add up to $3.5 million annually to Moore’s compensation.
Academic performance is also a priority in Moore’s contract. He is eligible for up to $150,000 in bonuses if the team’s Academic Progress Rate (APR) meets or exceeds a score of 960, reflecting the program’s dedication to student-athlete academic success.
In the event of termination without cause, the university is obligated to pay Moore 75% of his remaining salary, with provisions to offset this amount by any income Moore earns in a subsequent position. Should Moore choose to depart for another coaching opportunity, the contract stipulates a buyout starting at $5 million, decreasing by $1 million each year, reaching $1 million in the final year.
University officials have expressed strong support for Moore. President Santa J. Ono and Athletic Director Warde Manuel praised his proven leadership and his role as a great ambassador during his tenure at Michigan. Moore himself has conveyed enthusiasm about the finalized contract and alignment with the university’s goals for the football program.
This comprehensive contract not only rewards Moore’s past contributions but also sets a clear framework for future success, both on the field and in the classroom. By investing in Moore’s leadership, Michigan aims to maintain and elevate its storied football tradition in the competitive landscape of college athletics.
