Dusty May, Michigan CBB Agree to New Multiyear Contract Extension amid Indiana Rumors

Michigan athletic director Warde Manuel announced Friday that men's basketball head coach Dusty May has agreed to a contract extension.

The 48-year-old May has led Michigan to a 20-5 overall record in his first season after leading Florida Atlantic's program for six years. The Wolverines also sit first in the Big Ten with a 12-2 mark.

Per Andrew Kahn of mlive.com, May initially signed a five-year, $18.75 million contract in base compensation. Terms of his extension were not immediately disclosed.

The May news quiets any speculation that he could leave the Wolverines for Indiana, which is in the market for a new head coach with Mike Woodson stepping down at the end of the season.

Per ESPN's Jeff Borzello, May was "expected to be one of the Hoosiers' top targets." The Indiana alum was once a student manager for the men's basketball team from 1996-2000 under legendary head coach Bob Knight.

But May is leading Michigan for the foreseeable future. It was a great hire for Michigan, which signed a coach that once led Florida Atlantic to a 35-4 record and a 2023 Final Four appearance as a No. 9 seed. If not for a buzzer-beating shot from San Diego State guard Lamont Butler in the Final Four, the Owls would have made the national championship.

FAU followed that up with a 25-win season before May left for the Wolverines. He took over a Michigan program that had gone 8-24 overall and finished last place in the Big Ten with a 3-17 record.

May went to work bringing in some new talent. In fact, Michigan's top four scorers (Vladislav Goldin, Danny Wolf, Tre Donaldson and Roddy Gayle Jr.) all transferred into the program this year. Goldin, the team's No. 1 scorer, followed May from FAU to Michigan.

The one-year rebuild has certainly been fruitful, and it wouldn't be a surprise to see Michigan make an NCAA tournament run this year. The latest Bleacher Report bracketology projection has Michigan as a No. 4 seed, but that could certainly change if the Wolverines continue their success.

For now, though, Michigan is giving May a well-deserved extension as he guides a much-improved program to great heights.