Reaching a national title game is good for personal security. Michigan coach John Beilein is the latest proof of that. The Wolverines coach has signed a restructured deal that can keep him as coach of the program through the 2018-19 season.
Michigan announced the news on Wednesday morning. Beilein, 60, will be 66 at contract’s end. The Associated Press reports he’ll earn $2.45 million per year.
“I am very excited to have this opportunity to coach at the University of Michigan for at least five more years,” Beilein said in a statement. “I am grateful that President Coleman and Dave Brandon are pleased with the direction of our program and have extended this offer of agreement. My staff and I will continue to work every day with our student-athletes to ensure they grow from this incredible educational opportunity. At the same time, competing for Big Ten championships will be the goal each and every year.”
Michigan’s Final Four run in 2013 was the first for the school in 20 years; the 1993/Fab Five era of Final Fours has been officially redacted from NCAA record books, however. Michigan lost 82-76 to Louisville in April in one of the better national title games of the past 10 years. The team’s 31 wins last year tied a school record.