ANN ARBOR, Mich. — John Beilein will earn $175,000 for the Michigan basketball team’s run to the NCAA Tournament national championship game.
According to his contract, obtained by Land of 10 through a Freedom of Information Act request, Beilein earns a bonus of $25,000 for winning the Big Ten tournament championship, $25,000 for leading the Wolverines to a berth in the 2018 NCAA Tournament and $25,000 for each game Michigan won in the NCAA Tournament this year.
Michigan’s NCAA Tournament wins this season
|Texas A&M||99-72||Sweet 16|
|Florida State||58-54||Elite Eight|
Michigan made its second appearance in the national championship game in the past five years. Villanova defeated Michigan 79-62 for the national championship on April 2 in San Antonio.
Beilein’s contract states that he will receive the bonuses as “an additional bonus payment for that contract year.” The contract does not state when he will receive the bonuses.
Beilein is currently in the third year of a six-year contract worth $3.37 million a year, which runs through the 2020-21 season. He earns an annual base salary of $400,000 and an annual additional compensation of $1.47 million. He also receives $1.5 million annually through Michigan’s Supplemental Defined Contributions Retirement Plan.
Beilein’s contract states he will earn a bonus of $50,000 for winning the Big Ten regular-season championship. He also earns a bonus of $25,000 if the Wolverines share the Big Ten regular-season championship.
Michigan athletic director Warde Manuel told Land of 10 last week in San Antonio that he has broached contract discussions with Beilein.
“And we haven’t put a time frame on it,” Manuel said at the Final Four. But, Michigan’s athletic director added, “For me, I hope he’s around for quite some time.”
Beilein has a record of 248-143 at Michigan. The Wolverines set a school record for victories this season, going 33-8.