Michigan head coach John Beilein has reached an agreement on a contract extension with the school to keep him employed through the 2020-21 season, Michigan announced on Wednesday.
The contract is worth $3.37 million annually, with $1.5 million of that coming in the form of a supplemental retirement plan through the school.
“Kathleen and I are grateful for the opportunity to remain a part of the men’s basketball program for another six years,” said Beilein. “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.”
Beilein will be 68 years old when his contract expires. He’s coached for 37 years, amassing 717 wins at every level, from JuCo to Division III to the Big Ten.