Michigan agrees to extension with Dusty May to keep him in Ann Arbor for many years

Michigan announced a contract extension for coach Dusty May during the national championship celebration, though terms were not disclosed. May led the Wolverines to a 37-3 season and the program's first national title since 1989.

Michigan continued celebrations for its national championship Saturday with a parade through Ann Arbor, a banner-raising at Crisler Center and the public announcement of a new contract for coach Dusty May. Athletic director Warde Manuel said the terms were not disclosed but told the crowd May "will be the leader of this basketball team for many years to come" and that an agreement is being put on paper. May had removed himself from consideration for the North Carolina job and informed Michigan he was not pursuing other positions. He led the Wolverines to a 37-3 record in his second season and the program's first national title since 1989. What we know: - Athletic director Warde Manuel said an agreement has been reached and is being prepared to place on May's desk this weekend; financial terms were not disclosed. - May previously removed himself from consideration for the North Carolina opening and told Michigan he was not pursuing other jobs. - The Wolverines finished 37-3 and defeated UConn 69-63 to win the national championship. - Thousands of fans attended the parade and banner-raising; forward Yaxel Lendeborg was noted as walking gingerly after playing through a knee injury in the championship game. - Michigan roster notes reported in the announcement: Elliot Cadeau and Trey McKenney are returning, the program is awaiting NBA Draft decisions from Aday Mara and Morez Johnson Jr., and Michigan is adding or hosting recruits and transfers including J.P. Estrella, Brandon McCoy and visitor Juke Harris. Summary: The announced extension emphasizes coaching continuity for Michigan following its national title and was made public amid the team's celebration events. Manuel said the agreement will be formalized this weekend but did not disclose terms; the program is now moving forward with roster decisions and awaiting several pending player decisions.