Michigan football HC Sherrone Moore's full contract details revealed – Base salary, bonuses, buyout and more
The Michigan Wolverines named Sherrone Moore the 21st head coach in program history on Friday night, officially making him Jim Harbaugh’s successor. He will be introduced at a news conference on Saturday afternoon in Ann Arbor, and we already know what the details of his contract look like.
According to Aaron McMann of MLive.com, Michigan and Moore finalized a five-year deal on Jan. 26 contingent on an employment agreement executed within 90 days of the offer being extended.
Moore’s new contract at Michigan is effective Jan. 27 and expires on Jan. 31, 2029. Each subsequent year of his deal past Jan. 27 begins on Feb. 1 and ends on Jan. 31 the following year.
Moore will have a base salary of $500,000 in year one of the deal, which increases by 2% each additional year. Additional compensation is $5,000,000 in his first season, which increases by 2% each year. Should he remain employed as Michigan’s head coach for the entire contract year, he will receive a $500,000 retention bonus each season.
Incentives in Moore’s contract include additional compensation for a Big Ten Championship game appearance ($250,000) and a Big Ten Championship win ($500,000). Michigan will pay him an additional $200,000 if it makes the first round of the 12-team College Football Playoff, including if it has a first-round by. For a quarterfinal appearance, Michigan will pay out an additional $300,000. A semifinal and national title game appearance will pay out $500,000 and $750,000, respectively. He will bank an additional $1 million if the Wolverines win a national title.
In total, his contract includes up to $3.5 million in bonuses. Moore could also earn up to an additional $150,000 if the team Academic Performance Rate (APR) is at 960 or higher.
Fringe benefits include an athletic apparel allowance, automobile usage (one for Moore and one for his wife), tickets to athletic events and 10 annual personal charter flight hours.
Moore’s buyout is set for $5 million in year one, $4 million in year two, $3 million in year three, $2 million in year four and $1 million in year five.
“I want to thank Coach Harbaugh for the faith that he has displayed in me over the past six years and for supporting my growth as a football coach during that time,” Moore said in a release on Friday night. “Thanks to Athletic Director Warde Manuel for putting his faith and trust in me to be the next leader of this football program. I also want to thank President Santa Ono and members of the Board of Regents for believing in me as well. I am excited to reward that belief and trust as the program’s next leader.
“I have been preparing my entire coaching career for this opportunity and I can’t think of a better place to be head coach than at the University of Michigan,” added Moore. “We will do everything each day as a TEAM to continue the legacy of championship football that has been played at Michigan for the past 144 years. Our standards will not change. We will be a smart, tough, dependable, relentless, and enthusiastic championship-level team that loves football and plays with passion for the game, the winged helmet and each other. We will also continue to achieve excellence off the field, in the classroom and in our communities. I am excited to start working in this new role with our players, coaches and staff.”
