Michigan finalizes Sherrone Moore"s coaching contract

Sherrone Moore has officially signed a contract with Michigan after coaching the first two games of the season without one. He took over as head coach following Jim Harbaugh's departure to coach the Los Angeles Chargers after a successful season that included winning a national title. The university's president, Santa Ono, praised Moore's leadership and commitment to the program, highlighting the support from the university and athletic department for him and his staff. The contract is structured for five years, starting with a base salary of $500,000 and an additional $5 million in Year 1. The agreement includes annual salary increases of 2% and a $500,000 bonus for each year he remains head coach. Moore is also eligible for $3.5 million in bonuses, which includes $500,000 for winning a conference championship and $1 million for a national championship victory. Moore's buyout clause begins at $5 million, decreasing by $1 million each year until it reaches $1 million in the final year of the contract. This structure reflects the university's commitment to retaining Moore as head coach and ensuring stability within the program. Currently, Michigan holds a record of 1-1 after a loss to Texas, and they are preparing to face Arkansas State. Moore expressed his excitement about finalizing the contract and emphasized the alignment of goals between himself, the coaching staff, and the university's leadership for the future of the football program.