"Our guy came home," interim athletic director Jim Hackett said during a news conference in Ann Arbor, Mich.
Harbaugh and the
"Throughout my life I have dreamed of coaching at the University of Michigan," Harbaugh said. "Now I have the honor to live it."
According to Hackett, Harbaugh's contract is for seven years and more than $35 million -- and that's not including a $2-million signing bonus.
Harbaugh is 58-27 as a college coach with stints at San Diego and Stanford. With the Cardinal, he inherited a 1-11 team and turned it into an
Now he faces another such task with the Wolverines, who went 5-7 this season and did not play in a bowl for the third time in seven years.
"Top to bottom, Michigan is about excellence, is about greatness, and you have my pledge that I will carry forward the tradition of excellence of the University of Michigan football program," Harbaugh said.
He added: "There are no turnarounds at Michigan. This is greatness."