Fresh off the first Final Four appearance of his career, Michigan coach John Beilein has a new contract. Athletic director Dave Brandon told The Associated Press on Wednesday that Beilein has signed a three-year extension that replaces his previous contract and keeps him with the Wolverines through the 2018-19 season. The 60-year-old Beilein will make $2.45 million a year in total compensation. "I am very excited to have this opportunity to coach at the University of Michigan for at least five more years," Beilein said in a statement. "My staff and I will continue to work every day with our student-athletes to ensure they grow from this incredible educational opportunity." The Wolverines lost in the NCAA title game last season to Louisville. Beilein's previous contract extension kept him under contract through 2015-16. Michigan hired Beilein in March 2007, a week after he led West Virginia to the NIT championship. Last season was the Wolverines' first national championship game appearance in two decades. Read more http://espn.go.com/mens-college-bas...an-wolverines-lock-coach-john-beilein-2018-19