serve as the head coach of the Sun Devil m

in Mitglieder des Hähnchenführes 21.07.2018 07:42
von riluowanying123 • 2.174 Beiträge

Michigan and football coach Jim Harbaugh agreed to a contract amendment that will increase total payments from the school to $9 million in 2016.In addition to paying a $5 million salary for each of the remaining six years on his deal, Michigan also will loan Harbaugh $4 million in 2016 and an additional $2 million for the following five years to pay the premium on a life insurance policy. The first $2 million loan was made June 3, according to records obtained Wednesday via a Freedom of Information Act request. Each additional $2 million payment will be made in December starting later this year.As long as the insurance policy stays active, Harbaugh does not need to repay the loan until he dies. At that time, the university can recoup its original investment and the rest of the insurance payout would go to whomever Harbaugh chooses as his beneficiaries. Should the policy be stopped at any point, Michigan would still be entitled to get its money back from the insurer.The deal insures that Harbaughs heirs, should he die while Michigan is paying for the policy, will get no less than 150 percent of the premium that has been paid, increasing the payout by $6 million in 2016 and $3 million each successive year.The 150 percent clause protects the university as well. Harbaugh is allowed to borrow against the policy while he is living but has to keep at least 150 percent of the premium value untouched, which gives the school a cushion to make sure it gets its investment back.Harbaughs original seven-year contract with the school allowed for the parties to sit down and discuss additional compensation after the coach finished his first season with the Wolverines.Those discussions started under interim athletic director Jim Hackett in December. Hackett, the former CEO of Steelcase furniture, laid the groundwork for this deal, which a source at Michigan explained is a more commonplace form of deferred compensation in the corporate world.New athletic director Warde Manuel had said in March that the amendment to Harbaughs contract was nearing completion. The two sides officially came to an agreement June 3.If Harbaugh decides to leave the school or is fired, the university will stop providing the loans for insurance premium payments. If the insurance policy is canceled for any reason after that point, Harbaugh will need to pay back the money Michigan loaned him.Harbaughs contract and this amendment are both set to expire in December 2021. There is a clause in the deal that allows the two sides to renegotiate after his fifth season in order to make sure Harbaughs salary still meets market value.ESPN senior writer Darren Rovell contributed to this report. James Johnson Jersey . As the crowd erupted, Davis knocked the ball off the glass and back into his hands. With 1:14 to go in overtime, Davis sixth block also became his 17th rebound. That, along with his 32 points -- which tied a career high -- proved too much for Denver to overcome, and the Pelicans held on for their third straight victory, 111-107 on Sunday night. Tyler Johnson Jersey . "Thank you for the warm welcome," Beckham said on an 80-degree February morning. In this case, it was soccer weather. The sport moved a step closer to returning to South Florida on Wednesday, when Beckham confirmed he has exercised his option to purchase a Major League Soccer expansion franchise in Miami. http://www.cheapheatjerseys.com/?tag=cheap-dwyane-wade-jersey . The giant slalom world champion slipped during her first run in the morning, landing on her back and then twisting forward before getting her leg caught in the protective material on the side of the slope. Josh Richardson Jersey . In taking its goal tally to 99 in all competitions already this season, City delivered another demonstration of its lethal firepower at Etihad Stadium to set up a fourth-round match at home to another second-tier team -- Watford. Wayne Ellington Jersey . -- Vincent Lecavalier got everything but the desired result in his return to Tampa Bay. TEMPE, Ariz. -- Tim Mickelson has stepped down as Arizona States mens golf coach.I have decided to pursue other business opportunities outside of the collegiate athletics world and therefore will not return to ASU this fall, Mickelson said in a statement Wednesday.Athletic director Ray Anderson said assistant coach Judd Easterling will be retained to manage the program until a replacement is hired.Mickelson is the younger bbrother of PGA Tour star Phil Mickelson.dddddddddddd He led the Sun Devils to two top-10 national finishes in five seasons at the school.ASU has always been a special place for collegiate golf and it has been an honor to serve as the head coach of the Sun Devil mens golf program, Mickelson said. Jerseys Wholesale NFL Jerseys China Cheap Jerseys From China Nike NFL Jerseys China Cheap Jerseys Store Wholesale Jerseys China Jerseys NFL China ' ' '

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