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Beilein signs extension with Michigan
Posted By HOOPSWORLD On July 17, 2013 @ 2:54 pm In Wirenews | Comments Disabled
by Mark Snyder, USA TODAY Sports
Michigan coach John Beilein will remain a Michigan man – at a higher salary.
Coming off a national championship game appearance last season and a shared Big Ten regular-season title two years ago, Beilein has extended his contract for an additional three years through 2018-19, the school announced Wednesday.
The Associated Press reported his new salary will be $2.45 million in total compensation per season, a significant raise from his previous salary agreed upon in the 2010-11 season, which was up to $1.8 million last season.
Based on USA TODAY Sports’ salary data from last season, his new deal would rank ninth nationally.
“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 released statement, as he was traveling back from Russia, where he was an assistant on the World University Games team. “I am grateful that (U-M) president (Mary Sue) Coleman and (athletic director) 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 championship will be the goal each and every year.”
Brandon said this spring that Beilein would determine the length of his contract extension based on how long he wanted to continue coaching.
It’s expected that he will retire when his tenure at Michigan is completed.
“John is a tremendous ambassador of the University of Michigan and one of the most highly respected coaches in the country,” Brandon said in his statement. “He recruits outstanding young men to represent the men’s basketball program and develops them as players, students and future leaders. John has built a program that will compete for Big Ten championships on a regular basis and make exciting NCAA Tournament runs. We look forward to John, Kathleen and the entire Beilein family representing the University of Michigan for the foreseeable future.”
Now 60 years old, Beilein would be 66 if he stays through the end of this agreement.
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