Michigan head coach Dusty May has agreed to a new multi-year contract, the school announced Friday.
May, a former Indiana basketball manager, was reportedly linked to the Hoosiers' opening following their decision to move on from Mike Woodson at the conclusion of the campaign.
May's new deal runs through the spring of 2030 and includes an increase of $1 million annually in salary, David Cobb and Matt Norlander of CBS Sports report.
"I am grateful to (athletic director) Warde (Manuel), Michigan president Santa Ono, and all the members of the Board of Regents for the trust and support they have given me as the head coach," May said in a statement. "My goal is to bring continued success to this historic program. We cannot reach that goal without the hard work that my staff and players put into this program.
"We have built a solid foundation; however, there is much more work to be done. I look forward to those challenges and what the future holds for me and my family in Ann Arbor."
May's enjoyed a strong debut campaign in Ann Arbor, guiding the Wolverines to Big Ten-leading 12-2 mark and 20-5 record overall.
He spent the previous six campaigns at Florida Atlantic, posting a 126-69 record that included a run to the 2023 Final Four.
