After weeks of speculation and uncertainty, it seems that Michigan and head coach Jim Harbaugh are close to finalizing a five-year, $55 million contract extension, according to sources familiar with the negotiations. The news comes amidst an ongoing NCAA investigation into Michigan's alleged illegal sign-stealing operation and its potential ramifications.

Sports Illustrated's Richard Johnson reported that both parties have been working diligently to reach an agreement on the contract extension. However, before the deal is finalized, Michigan has made a peculiar request. The university wants Harbaugh to commit in writing that he will not entertain any offers from the NFL during the duration of his new contract.

Harbaugh's flirtation with NFL opportunities in the past has raised concerns within the Michigan administration. Under previous contracts, Harbaugh explored options in the NFL, interviewing for coaching vacancies with several teams. Notably, he was a candidate for positions with the Minnesota Vikings and the Carolina Panthers, Denver Broncos, and Indianapolis Colts.

The urgency behind Michigan's request could be attributed to the ongoing NCAA investigation. As the probe into the alleged illegal sign-stealing operation continues, the university awaits potential penalties from the NCAA. The organization is yet to complete its investigation and address the allegations surrounding staffer Connor Stalions, who was hired by Michigan in 2021. If the NCAA finds evidence of wrongdoing, Harbaugh could face a significant suspension that may sideline him for a significant portion of the 2024 season, according to The Athletic's Bruce Feldman.

Harbaugh, a former head coach of the San Francisco 49ers, has been at the helm of the Wolverines' football program for nearly a decade. His tenure has seen mixed results, with recent success including a Big Ten championship and a College Football Playoff berth. Next season, Harbaugh will be aiming to secure his fourth consecutive victory over arch-rivals Ohio State, as the Buckeyes hope to diminish Harbaugh's overall record against them.

The contract extension negotiations come at a critical juncture for both Harbaugh and Michigan football. If a deal is reached, it would signify the university's commitment to keeping Harbaugh as its head coach for the foreseeable future, despite the looming NCAA investigation. However, the unresolved probe raises questions about the stability of the program and what potential penalties might be imposed by the NCAA.

As the negotiations continue, all eyes will be on Ann Arbor to see if Michigan and Harbaugh can come to an agreement that satisfies both parties. The outcome of the contract extension and the NCAA investigation will undoubtedly have a significant impact on the future of Michigan football.