ANN ARBOR, Mich. — Michigan basketball coach John Beilein left Washington, D.C., with more than a conference championship trophy.
Beilein, who is in his 10th season as coach of the Wolverines, also returned to Ann Arbor with more padding in his bank account.
Michigan’s 71-56 win against Wisconsin in the Big Ten Tournament championship game on Sunday netted Beilein a $25,000 bonus. Within two hours, Michigan’s NCAA Tournament berth netted Beilein another $25,000.
Beilein’s contract terms were made public by several media outlets through a Freedom of Information Act request after Beilein and the university agreed to a contract extension in November 2015 that will keep him as head coach through the 2020-2021 season.
Michigan (24-11) is the No. 7 seed in the NCAA Tournament Midwest Region. The Wolverines open the tournament at 12:15 p.m. ET Friday against No. 10 Oklahoma State at Bankers Life Fieldhouse in Indianapolis.
Under the terms of his current contract, Beilein earns an annual base salary of $400,000 and receives additional compensation of $1.47 million annually “for TV, radio, internet, shoe/apparel sponsorships, consulting, promotion and other services.”
Beilein also receives an annual $1.5 million deferred payment through the university’s retirement plan.
As for bonuses, here’s a look at what’s outlined in his contract. Beilein will earn:
- $50,000 if Michigan wins the regular-season Big Ten championship outright
- $25,000 if Michigan wins a share of the regular-season Big Ten championship
- $25,000 if Michigan wins the Big Ten Tournament title
- $25,000 if Michigan receives an NCAA Tournament bid
- $25,000 for every NCAA Tournament game that Michigan wins
According to a 2016 USA Today database of Division I basketball coaching salaries, Beilein was the 12th-highest-paid coach. Beilein earned $2,841,138 in 2016 and can earn a maximum of $275,000 in bonuses annually.
Beilein’s current contract runs through April 15, 2021.
The Wolverines have made the NCAA Tournament in seven of Beilein’s 10 seasons in Ann Arbor and reached the national championship game in 2013. Louisville defeated Michigan 82-76.