Michigan head coach Dusty May is staying in Ann Arbor. The head coach has agreed to a contract extension to remain with the Wolverines, the school announced Friday.
In a statement, Michigan athletic director Warde Manuel said he and May agreed to a “multi-year contract,” though CBS Sports’ Matt Norlander reported it was a one-year extension to the original five-year deal, running through 2030. The deal also increases May’s salary by $1 million per year and increases his buyout to $7.5 million, per the report.
“His [May’s] commitment to this University and the success of the men’s basketball program has far exceeded our expectations and makes us all excited for what the future holds,” Manuel said in the statement.
Since accepting the head coaching job last March, May has seen immediate success. After Michigan had a few tumultuous years under Juwan Howard, May has led the Wolverines to a 20-5 record — the team’s first 20-win season in four years during what was supposed to be a rebuilding year. The team is currently leading the Big Ten at 12-2 and is ranked No. 12 in the most recent AP Poll.
Earlier on Friday, May was named to the watchlist for the Naismith Coach of the Year award.
The extension has implications in other parts of the Big Ten as well. May, who got his start as a student manager at Indiana, has been a popular name in the Hoosiers’ head coaching search. Indiana head coach Mike Woodson is set to step down at the end of the season.
However, with May off the board, Indiana’s choices are already dwindling. Boston Celtics general manager Brad Stevens, an Indiana native and a dream candidate to replace Woodson, has also confirmed that he is not in the running for the job. However, as a school with such a rich basketball history, Indiana is still a coveted job with now reasonable expectations.
May and the Wolverines, meanwhile, have five more games left in the regular season, including two rivalry matchups against No. 14 Michigan State. The first of those matchups comes Friday night in Ann Arbor.
