Questions over Sherrone Moore's contract at Michigan have been answered. The university announced Wednesday that a "full contract" for Moore "has been signed by all parties."
Moore coached the first two games of his first season as head coach under a memorandum of understanding, which provided the framework for his new deal. It's a five-year, $30 million contract, plus incentives.
In year one, Moore will earn a base salary of $500,000 plus $5 million in additional compensation. His bonuses include $500,000 for each year he remains head coach, $500,000 for winning a conference championship and $1 million for winning a national championship.
The contract comes with a buyout of $5 million in the first year, declining by $1 million each year.
Michigan president Santa Ono and athletic director Warde Manuel, who chose Moore to replace Jim Harbaugh, said in a joint statement Wednesday that "our university and athletic department leadership is behind Coach Moore, his coaching staff and the great student-athletes that compete on the field and in the classroom."
"He is a proven leader and has been a great ambassador during his seven-plus years representing Michigan," they said.
Moore, 38, joined Michigan under Harbaugh as a tight ends coach in 2018, before eventually taking over as offensive coordinator. He served as acting head coach in four games last season when Harbaugh was suspended, leading the Wolverines to wins over Bowling Green, Penn State, Maryland and Ohio State.
When Harbaugh departed to coach the LA Chargers after leading Michigan to a 15-0 season and the national championship, the university quickly named Moore the next head coach. He faces a steep challenge this season after the Wolverines lost 13 players to the NFL, including quarterback JJ McCarthy and the starting offensive line.
In his own statement, Moore said that he's "excited to have this full contract completed." The support from Ono and Manuel is "greatly appreciated," he said.
"All three of us are aligned in our goals for this football program. We want the attention to be on the players that work so hard to represent this team and university at the highest level," said Moore.
Michigan is 1-1 this season after losing at home last week to No. 3 Texas. The No. 17 Wolverines take on Arkansas State on Saturday.