Sherrone Moore was officially named Michigan’s next head coach on Friday night.

Moore, who has been a Michigan assistant coach since 2018, will succeed Jim Harbaugh as the program tries to defend its national championship in 2024.

According to the Detroit News’ Angelique Chengelis, Moore has agreed to a 5-year deal that starts at $5.5 million.

Michigan athletic director Warde Manuel said this week that the university was prepared to make Harbaugh the highest-paid coach in college football. However, he chose to return to the NFL and was named head coach of the Los Angeles Chargers earlier this week.

Moore’s reported salary represents significant cost-savings for Michigan — at least for 2024. Harbaugh reportedly made approximately $8.25 million during the 2023 season.

Other details such as Michigan’s salary pool for assistant coaches have not been reported. It’s unclear which — if any — of Michigan’s other current assistant coaches will follow Harbaugh to the NFL. It’s also unclear how the NCAA’s investigation into Michigan’s sign-stealing scandal could impact Moore’s deal with the Wolverines. Moore, as the team’s co-offensive coordinator for the past 3 seasons, could receive scrutiny from the NCAA as it conducts its investigation.

Moore’s $5.5 million salary will likely rank toward the bottom of the Big Ten head coaching salaries in 2024. That salary would have ranked in the bottom half of the league for 2023. However, if Moore succeeds early on in his Michigan career, he will presumably earn a substantial raise for future seasons.

Moore, 37, is the 21st head coach in Michigan football history.