Michigan coach Dusty May revived the Wolverines in just two seasons, leading the program to the Final Four in 2026 after taking over a team that went 26-40 in the two years prior to his arrival.
May has only been a head coach for eight seasons but already has two Final Four appearances at two schools – Michigan and Florida Atlantic. A national championship is in Michigan’s sights this season.
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REQUIRED READING: At Michigan, Dusty May’s son is the student manager his dad once was
His services are also – obviously – sought after. He has been tied to the North Carolina opening after the school fired Hubert Davis, and he’ll likely always be thought of as a dream candidate at Indiana, where he cut his teeth as a student manager before graduating from his hometown school.
Michigan won’t let him walk easy, like any other top-tier program in college basketball.
Here’s a look at May’s current contract at Michigan, which could increase even more if the Wolverines add another raise after is Final Four run:
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Dusty May contract
May signed a new contract with Michigan in February 2025, just under a year after he became the Wolverines’ next coach. His current deal is through 2030, and offers him an increase of $250,000 each season, according to his contract obtained by USA TODAY Sports.
His base salary this season was $4.6 million and will increase to $4.85 million next season if his current deal doesn’t change, which seems unlikely due to the Wolverines’ dominance and other schools’ interest in May. His yearly salary would peak at $5.6 million in Year 5 of the deal under the current agreement.
He also earns $150,000 on April 30, 2026, as part of his retention bonus. His retention bonus is set at $450,000 for 2027 and 2028, before going back to $150,000 for 2029 and 2030.
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Dusty May bonuses
May has already made $250,000 in bonuses this season for leading Michigan to an outright Big Ten championship and at least a Final Four appearance, according to his contract. He’s currently earning $200,000 for a Final Four spot, but that bonus can rise to $300,000 for a national championship berth and $400,000 if Michigan wins the title.
Dusty May buyout
May’s buyout is currently set at $7 million, if he were to leave Michigan before April 30, 2026. The number decreases each year, and is set at $5 million until April 30, 2027, $3 million until April 30, 2028, $2 million on April 30, 2029, and $1 million on April 30, 2030.
This article originally appeared on USA TODAY: Dusty May contract: Michigan coach’s bonuses, buyout before Final Four
