John Beilein plans to continue coaching at MI despite rumors that he interviewed for the Pistons head coach position.
Beilein now holds a 724-419 overall record as a head coach, and a 24-12 record in the NCAA Tournament.
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"We are thrilled that John Beilein will be our coach now and into the future", MI athletic director Warde Manuel said in a statement.
Beilein and MI are finalizing a contract extension, according to Brendan Quinn of The Athletic. MI lost 79-62 to Villanova in the NCAA national championship game in April. He said Beilein pulled himself from consideration after speaking separately with Gores and Detroit management personnel.
"We are thrilled that John Beilein will be our coach now and into the future", athletic director Warde Manuel said in a statement. "Michigan has become home for John and Kathleen the past 11 years and we are excited they plan to stay for years to come". Beilein has won a pair of Big Ten championships and two Big Ten Tournament titles.