Michigan announces five-year deal, $3.75 million salary for new men's basketball coach Dusty May

Sunday morning, the University of Michigan confirmed the hire of Florida Atlantic head coach Dusty May to serve the same role for the Wolverines, taking over for Juwan Howard, who was let go at the end of the 2023-24 season.

Here was the official word from Michigan’s release announcing May:

“University of Michigan’s Donald R. Shepherd Director of Athletics Warde Manuel announced today (Sunday, March 24) that Dusty May has been named the David and Meredith Kaplan Men’s Basketball Head Coach, becoming the 18th men’s basketball coach in the history of the program. May spent the last six seasons as the head coach at Florida Atlantic.”

The release also noted May’s salary as part of the new contract: “May agreed to a five-year deal, with an average value of $3.75 million annually.”

Also, there was a bit of a statement from May himself greeting the Michigan fanbase and community while thanking FAU for all it gave him. Take a look:

“The University of Michigan is among the elite institutions in the world and it is both an honor and privilege to be named its head men’s basketball coach. This is a dream come true for me, my wife Anna, and my boys Jack, Charlie and Eli. I want to offer my thanks to President Santa Ono, Athletics Director Warde Manuel and the U-M Board of Regents for this opportunity.

“None of this would be possible, however, without the tremendous people at Florida Atlantic University. They embraced and supported me, as well as my family, from the minute I walked on campus. I can’t thank my players, my staff, the administration and the entire Boca Raton community enough. We made memories at FAU that will last a lifetime.

“This was an incredibly difficult decision, however, I am deeply committed to reigniting the proud tradition of Michigan Basketball. I can’t wait to get started.”

Overall, May amassed a 126-70 record at Florida Atlantic, including a 61-39 conference record between Conference USA and the AAC. After the Final Four run, the school gave him a lucrative 10-year contract extension, but still not a figure in the ballpark of what he’ll earn at Michigan.

According to the Palm Beach Post, May’s salary increased to $1.25 million per year with a 5% raise each season until 2033. The Columbus Dispatch reported his buyout dropped to $1 million on Feb. 29.

On3’s Nick Schultz also contributed to this report