According to a press release, Michigan has signed an extension with head coach John Beilein through the 2020-21 season with an annual base salary of $1,870,000, though he will have the potential for bonuses in the future depending on various performance measures including Big Ten championships and NCAA Tournament victories. The news come as Beilein is coming off his eight season as head coach of the Wolverines.
Beilein became the Michigan head coach in 2008 and has completed eight seasons with the Wolverines. Michigan has made the NCAA Tournament a total of five times under John Beilein, including two trips to the Elite Eight. Overall, Beilein has 166 victories with the group, putting him at fourth all-time in wins at Michigan.
The most successful season of Beilein's tenure likely came during the 2012-13 season. The Wolverines were able to put together a 31-8 overall record in route to a Final Four appearance. During the season, Trey Burke was also named the National Player of the Year by numerous awarding bodies. Beilein will hope to replicate that success entering this season with a depth and talented roster, including a potential 1st Round NBA Draft pick in Caris LeVert.
With the extension, Beilein is now signed as Michigan's head coach for the next six seasons. If Beilein remains at Michigan for the duration of the contract, he would be 68 years old and the longest tenured coach in Michigan basketball history, passing Johnny Orr's 12 seasons from 1968 to 1980.
Next season appears to be a rebound year for the Wolverines with several players returning from injury and if Michigan can be successful, it could be the start of another great run for Beilein in Ann Arbor.