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Jim Harbaugh: I'm not worth salary

The Michigan Wolverines' football season doesn't kick off until Sept. 3, but at least one person thinks new coach Jim Harbaugh is overpaid: Jim Harbaugh.

Harbaugh signed a seven-year deal worth up to $38.1 million this offseason to coach his alma mater, but when asked if he is worth that kind of money, he told TV station Fox 2 in Detroit simply, "No."

"I'm not doing five times as much work as somebody else or doing more work than someone who's not the head football coach at the University of Michigan so, to answer your question, honestly, I would have to say no," Harbaugh said Monday.

A tradition-rich program, Michigan hopes the team's former quarterback can help turn around a program that won just five games last season and has not beaten arch rival Ohio State since 2011. Harbaugh, meanwhile, has had success as coach of the NFL's San Francisco 49ers and before that with the Stanford Cardinal.

While Jim may downplay his success, his brother John, coach of the Baltimore Ravens, said the hype surrounding the Wolverines' new coach is appropriate.

"I think it's warranted," John Harbaugh said at the NFL owners meetings on Tuesday. "His career has begun. He's a great football coach. He was a great player at Michigan, obviously. ... Great coach, great family man. I love him to death."

Though Jim Harbaugh may think he's not worth his salary, don't expect him to relinquish any of it, either.

"Naw," he said. "I like making a buck just like the next guy."