Beilein's contract extended through 2020-21 season
Michigan men’s basketball coach John Beilein made stops at six different colleges before landing at Michigan in 2007, and it looks as though Ann Arbor will be his final one.
Michigan announced Wednesday that it has extended Beilein’s contract through the 2020-21 season. If Beilein completes the terms of his contract, he would become the longest-tenured coach in program history.
“John is one of the most respected coaches in the country and revered people within the university community,” Michigan interim Athletic Director Jim Hackett said in a release. “While he has accomplished many great things on the basketball court, it is his leadership, guidance and role as an educator that truly makes him one of our great ambassadors. We look forward to John continuing to represent the University of Michigan for many years to come.”
Beilein’s new contract is worth $3.37 million annually. In his current contract, he makes $2.45 million annually.
“The terms of Beilein's extension call for him to earn a base salary of $400,000 with additional compensation of $1,470,000 per year for TV, radio, internet, shoe/apparel sponsorships, consulting, promotion and other services,” the release said. “In separate deferred payments, Beilein will receive an additional $1.5 million annually through the University’s Supplemental Defined Contributions Retirement Plan.”
The contract also allows for supplemental incentive-based compensation including bonuses for winning conference titles and the NCAA Tournament.
Beilein is entering his 38th season as a head basketball coach at a college program and his ninth with Michigan. Over the last eight seasons with the Wolverines, Beilein has posted a 166-110 overall record, fourth on the program’s all-time list. He has led Michigan to five NCAA Tournament appearances and the team’s first Final Four appearance in 20 years in 2013.
“Kathleen and I are grateful for the opportunity to remain a part of the men's basketball program for another six years," Belein said in a statement. “We wanted to thank the University of Michigan, President Schlissel, Jim Hackett, all the past teams, assistant coaches, students, administration, alums and especially the great fans for their patience, hard work and support during this past eight years. We have never been more excited about the future of our program. We look forward to competing for and winning more Big Ten championships in the years to come.”