Johnson, who is in the fourth season of his seven-year $30 million deal, is more than $10 million in debt and has less than $50,000 in assets, per the report.
Hoke characterized the season as disappointing in terms of a lack of execution early but said he has seen significant growth as well.
Zak Irvin scored 16 of his 23 points in the first half, and No. 24 Michigan rolled to a 77-53 victory over Bucknell on Monday night.
The 24th-ranked Wolverines raised their 2014 Big Ten championship banner before the game, celebrating another season of accomplishment before beating Division II Hillsdale.
Clark is the Wolverines’ third-leading tackler — with 42 on the season — and has a team-high 13.5 tackles for loss with 4.5 sacks.
In a meeting with the Faculty Senate on Monday, Schlissel expressed concerns about the relationship between athletics and academics at the university, pointing specifically at the football program.
The annual rivalry between Michigan and Ohio State will kick off at noon, its traditional time, on Nov. 29 at Ohio Stadium.
When Jim Hacket took over for former athletic director Dave Brandon at the University of Michigan in October, the terms of his tenure were not released.
WATCH: Two-Time Plane Crash Survivor Austin Hatch Gets Rousing Ovation For First Basket With Wolverines
Hatch stepped to the free throw line late in the game as the crowd quietly awaited his attempts. He missed the first, to a collective groan. But sent the second one down with ease, bringing the U-M faithful to their feet for a thunderous applause.
De’Veon Smith ran for a career-high 121 yards and a touchdown, and Michigan beat Northwestern after the Wildcats’ Trevor Siemian slipped attempting a two-point conversion at the end of the game.