Jim Harbaugh and Michigan are currently playing a game of Let's Make A Deal!, and Harbaugh possibly is waiting to see what's lurking behind Door No. 2.

As explained by Ian Rapoport of NFL Media, Michigan has offered Harbaugh a contract that pays out $125 million over 10 years. With one catch. He can’t pursue or take an NFL job for the 2024 season.

Harbaugh, whose current contract runs through 2026, has been offered a "far shorter" agreement that pays $11 million per year. It's not specified whether that deal has a no-NFL clause for 2024.

Although the coaching carousel won't begin to spin for two more weeks, Harbaugh surely has gotten back-channel feelers from teams that don't yet have a vacancy, but that will. It's possible that he has also heard from one or more teams that do (Chargers, Raiders, Panthers).