foxsports
Michigan basketball coach John Beilein has agreed to a contract extension to lead the Wolverines through the 2015-16 season.
The extension was announced by the university Monday.
Beilein's total compensation under the new contract will be $1.7 million in 2010-11. It rises to $1.8 million in 2012-13 and $1.9 million by the 2013-14 season.
Beilein is in his third season with the Wolverines. He has a 39-43 overall mark with Michigan, including a 8-7 record this season.
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Michigan made the NCAA tournament last season for the first time since 1998.
Beilein had steady success before arriving at Michigan, including stints at West Virginia and Richmond.
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