It's a big week for Michigan football and Jim Harbaugh

A new contract could be signed this week for Jim Harbaugh to remain Michigan football head coach but if not, the NFL could in the cards.

2023 Big Ten Championship - Iowa v Michigan
2023 Big Ten Championship - Iowa v Michigan / Michael Hickey/GettyImages

According to Chris Balas of The Wolverine, "It's Conract Week" for Michigan football and head coach Jim Harbaugh.

There have been lots of positive vibes and reports about Harbaugh agreeing to a deal to remain the Michigan football head coach well into the future.

The latest reports have the school offering Harbaugh a five-star, $55 million deal, which would include a promise from Harbaugh that he won't entertain NFL offers in the 2024 offseason.

That would be good for recruiting and could entice someone like J.J. McCarthy to return for his senior season. There has also been chatter of making Sherrone Moore the head coach in waiting, which I'm all for, because someday soon, he'll be getting a head coaching job offer somewhere else if the Wolverines don't act to keep him.

Even if Harbaugh does sign an extension, I have a hard time seeing him stay for the next five years. He wants to win another Super Bowl and you can't blame him for that. He's beaten Ohio State and won the Big Ten championship three straight times.

Michigan football has won three in a row over Ohio State and Penn State, two in a row over Michigan State, and won the last game over Notre Dame. Not to mention, three College Football Playoff berths.

At any rate, Balas reports there is optimism that his contract will get signed this week. If not, the Wolverines are likely heading into the Rose Bowl game without a deal, which means we'll be in for another NFL will he or won't he?

If Michigan football wins it all, it would make even more sense for Harbaugh to move on -- he will have achieved everything he could at the college level -- but that's hard to predict.

For now, we are in a waiting game. It just would be nice to get that distraction out of the way, allowing the focus to be 100 percent on Alabama, where it needs to be.