John Beilein was reported with a contract extension from the University of Michigan last Wednesday, but Tuesday afternoon, Beilein addressed the topic, and even gave a timetable for his retirement.
“My plan was to at least coach six more years,” Beilein told reporters in Ann Arbor during a press conference. “So that the 2015 class, that’s the class we’re recruiting now — along with the 2014’s — I wanted to coach all those guys.
“That was sort of the plan we put in mind. Obviously you had to dot some ‘I’s’ and cross some ‘T’s’ and there was no rush, but I was really pleased we were able to work it out.”
Beilein and Michigan agreed to a three-year extension. He will make $2.45 million over the next six years. As far MLive.com’s Nick Baumgardner points out, this is a major boost from the initial deal Newfane High School (N.Y.) gave him when he first began coaching in 1975. Beilein’s new contract runs out in 2019.
“I had to think about (the end of my career when the deal was being finalized),” Beilein said. “Because Dave (Brandon) was very outgoing in saying ‘coach, I want you to be our coach, how long would you like to do this?’ … I thought (six years) was a fair amount for recruiting and stability and to remain focused on the job and not think about retirement.
“After two or three more years, I’ll look at it again.”
After a run to the championship game and producing two first-round draft picks, the Wolverines are in a good position for another strong campaign in 2013-2014. Beilein returns Mitch McGary, Nik Stauskas, Glenn Robinson III and Caris LaVert and add one five-star recruit and two four-star prospects for next season.
In six seasons at Michigan, Beilein holds a 122-85 record.