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Jim Harbaugh told a local Fox station in Detroit that he does not think he's worth his new coaching contract.

"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.

The Wolverines coach recently signed a seven-year contract worth around $38.1 million this offseason. And when the coach was asked if he's worth the amount, he said no, which earned the awe of the reporter interviewing him.

The team's former quarterback is noted for his NFL coaching success with the San Francisco 49ers and the Stanford Cardinal. He is expected to bring the same success back to his alma mater.

However, his brother Baltmore Ravens coach John Harbaugh thinks he is worth his new pay check.

"I think it's warranted," John 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," he added.

However, some people think his services are getting its equivalent rate.

"In terms of the value to the university, I think he'll probably be worth it," said Richard Friedman, a law professor at the University of Michigan.

"Is there something a little bit unusual that he's paid much more than the university president or much more than anybody else on campus? You know, that's the way the world is," he added.

As per the contract details, Harbaugh's base salary is a whopping $500,000 per year, with an additional US$4.5 million. After the third year of he contract, he gets a 10% increase on both and then in turn increases another 10% by the fifth year.

On that same fifth year, the coach's performance and his compensation will be evaluated and compared to other college football coaches.