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Jim McElwain Will Make $300,000 This Year At Michigan

Coach Jim McElwain wearing a Florida Gators pullover on the sideline during a game.

ATLANTA, GA - DECEMBER 5: Head coach Jim McElwain of the Florida Gators looks on before the SEC Championship game against the Alabama Crimson Tide at the Georgia Dome on December 5, 2015 in Atlanta, Georgia. (Photo by Kevin C. Cox/Getty Images)

New Michigan assistant Jim McElwain will make some decent bank at Michigan this year.

This past week, former Florida head coach Jim McElwain officially landed a gig with Michigan to serve as an assistant coach under head coach Jim Harbaugh. This week, we're learning how much he'll make doing so.

McElwain, who will serve as the wide receivers coach (or potentially have more responsibility after Tim Drevno's decision to leave) will be making $300,000 per year. He signed a one-year deal with the program.

Via ESPN's Jake Winderman:

McElwain may have the services of transfer quarterback Shea Patterson. Patterson, who transferred from Ole Miss, has yet to receive a ruling from the NCAA on his eligibility this season.

McElwain, who was fired by Florida this past season, will be serving as an assistant coach for the first time since 2011. He served as head coach at Colorado State from 2012-2014 and head coach at Florida from 2015-2017. In those six years, he compiled a 44-28 record.

Harbaugh, meanwhile, will be entering his fourth season at Michigan. The Wolverines head coach has posted an impressive 28-11 record, but he's failed to win the Big Ten or secure a spot in the College Football Playoff.

Michigan, last season, finished with an 8-5 record and a loss in the Outback Bowl.