Athletic director Dave Brandon told The Associated Press on Wednesday that Beilein signed a three-year extension that replaces his previous contract. The 60-year-old Beilein will make $2.45 million a year in total compensation.
Michigan hired Beilein in March 2007, a week after he led West Virginia to the NIT championship. Last year, the Wolverines tied a school record with 31 wins and lost in the NCAA championship game to Louisville.
Source: Associated Press