Beilein agrees to 6 year deal to coach Univ. of Michigan basketball
Michigan
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The University of Michigan confirmed John Beilein’s hiring late today.
Beilein’s contract to coach the Michigan men's basketball team will run six years and have a base salary of $200,000, the Free Press has learned.
He will receive $1.1 million per year in additional compensation, which includes TV, radio, Internet and public appearances. His contract is loaded with incentives, including a bonus of $25,000 for reaching the NCAA tournament, $50,000 for the Sweet 16 and $100,000 for the Final Four and $150,000 for winning the national championship.
Michigan did not pay West Virginia the $2.5 million buyout of Beilein’s West Virginia contract, according to a person with knowledge of the terms. It isn’t clear how the buyout was settled.
“I am very pleased to announce John Beilein as our new head coach for the men’s basketball program,” U-M athletic director Bill Martin said in a released statement. “He is an individual with a great knowledge of the game. He is a proven winner. He is an extraordinary teacher of the game. He is a great basketball coach. We welcome John and his family to Michigan."
In a statement, Beilein said, “This is an exciting opportunity for me and my family to join the University of Michigan basketball program. I look forward to the challenges that lie ahead and getting to know the University and Ann Arbor community. I am anxious to meet the team, visit with the recruits and all the Wolverine basketball alumni and fans. This is a great opportunity to build Michigan as one of the elite programs in the country.”
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Beilein’s contract to coach the Michigan men's basketball team will run six years and have a base salary of $200,000, the Free Press has learned.
He will receive $1.1 million per year in additional compensation, which includes TV, radio, Internet and public appearances. His contract is loaded with incentives, including a bonus of $25,000 for reaching the NCAA tournament, $50,000 for the Sweet 16 and $100,000 for the Final Four and $150,000 for winning the national championship.
Michigan did not pay West Virginia the $2.5 million buyout of Beilein’s West Virginia contract, according to a person with knowledge of the terms. It isn’t clear how the buyout was settled.
“I am very pleased to announce John Beilein as our new head coach for the men’s basketball program,” U-M athletic director Bill Martin said in a released statement. “He is an individual with a great knowledge of the game. He is a proven winner. He is an extraordinary teacher of the game. He is a great basketball coach. We welcome John and his family to Michigan."
In a statement, Beilein said, “This is an exciting opportunity for me and my family to join the University of Michigan basketball program. I look forward to the challenges that lie ahead and getting to know the University and Ann Arbor community. I am anxious to meet the team, visit with the recruits and all the Wolverine basketball alumni and fans. This is a great opportunity to build Michigan as one of the elite programs in the country.”
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Experience the World through Numismatics...it's more than you can imagine.
<< <i>He should have made a comment about the Michigan Basketball tradition. >>
There is no Michigan basketball tradition that anyone is really proud of, the people he is speaking to don't need or want to
be reminded of that fact.
<< <i>Is leaving for Michigan a step forward or a step back? Seems like leaving the Big East in basketball would be going in the wrong direction. Is it just me or does someone out there actually think basketball when they hear the word Michigan? >>
Michigan has historically had a solid basketball program until the booster fiasco/probation. They've made it to the championship game 5 times. They've only one once, but it's still more than many teams can say. They've won the NIT 3 times. They've been Big 10 champions 12 times. 26 All-Americans. Their history may not be as rich as a UCLA, but they haven't been total slouches either.
I would have said something about the NCAA Tournament even if Michigan's record is dwarfed by UCLA... but then again, no one will ever match the Wooden Dynasty
Experience the World through Numismatics...it's more than you can imagine.