John Beilein, Michigan Agree on Contract Extension

Mark RudiCorrespondent IJanuary 11, 2010

LAWRENCE, KS - DECEMBER 19:  Head coach John Beilein of the Michigan Wolverines watches reacts on the bench during the game against the Kansas Jayhawks on December 19, 2009 at Allen Fieldhouse in Lawrence, Kansas.  (Photo by Jamie Squire/Getty Images)
Jamie Squire/Getty Images

"The Rock" will be staying in Ann Arbor for a few more years.

The University of Michigan and head coach John Beilein have agreed on a contract extension that will keep Beilein in Ann Arbor through the 2015-16 season, the University of Michigan announced Monday.

"John Beilein has been a wonderful addition to our staff here at Michigan. What he has done on and off the court with our men's basketball team has been tremendous, and he has made it clear he wants to coach at Michigan until he retires," Athletic Director Bill Martin said to the Detroit News. "This contract extension is a win-win situation for the men's basketball program at Michigan and for coach Beilein."

He will make $1.7 million next season, $1.8 million in 2012-13, and $1.9 million in 2013-14, 2014-15, and 2015-16, which will be $12.7 million for the duration of his contract.

Beilein is 39-43 overall at Michigan, is in his third season at U of M, and he led the Wolverines to their first NCAA Tournament in 11 years last season. Michigan is currently 8-7, 2-2 in the Big Ten, so far this season.

"I've been a coaching nomad for quite a few years," Beilein said to "And Michigan is a place that I want to coach and bring back to the top of the Big Ten.

"It's the only place I want to coach at."