Dusty May salary, buyout: Michigan coach contract details, and what he said of extension

The college basketball coaching carousel is back open.

Michigan coach Dusty May is leaving Ann Arbor and the Big Ten to become the next Dallas Mavericks coach in the NBA, USA TODAY Sports has confirmed.

May leaves for the NBA and the Mavericks — where he'll coach former Duke standout and 2025-26 NBA Rookie of the Year Cooper Flagg — after leading the Wolverines to one of the more dominant national championship runs in recent memory last season.

In two seasons at Michigan, May led the Wolverines to a 64-13 overall record, a pair of Big Ten championships, including a conference tournament title in 2025, and the program's first national championship in nearly four decades.

May, who broke onto the scene as one of the top college coaches in the nation when he led Florida Atlantic to the Final Four in 2023, has been in talks with Michigan for a contract extension since the start of the NCAA tournament. He had even spoken openly about his intentions to stay in Ann Arbor and further build the Wolverines into a powerhouse.

Here's what to know on May's contract details at Michigan, and a look back at some of his past comments regarding his contract extension talks with the Wolverines:

Dusty May contract details

May's previous deal was set through 2030, and offered him an annual increase of $250,000 for the next four seasons, according to his contract obtained by USA TODAY Sports. His base salary in 2025-26 was $4.6 million and was set to increase to $4.85 million this season, under his previous contract.

Dusty May buyout

May's buyout on his previous contract was reduced to $5 million after April 30, 2026.

What Dusty May said of contract extension with Wolverines

In May at the Big Ten spring meetings, May told USA TODAY Sports' Jordan Mendoza there were "minor details" being adjusted between Michigan and his party in terms of his contract extension. He said he was committed to staying with the Wolverines, though a contract had not been signed yet.

A request for clarification on whether May had signed his contract was not immediately returned to USA TODAY Sports at the time this story published.

"We’d like to build one of the most consistent, greatest basketball programs in the country," May said.

May had been a name tossed around in several college basketball openings during Michigan's NCAA Tournament run, including the North Carolina opening that eventually went to former NBA and Denver Nuggets coach Michael Malone.

At the Wolverines' national championship celebration in April, Michigan athletic director Warde Manuel announced that May and he had agreed to a deal that will keep May in Ann Arbor.

"He will be the leader of this basketball team for many years to come," Manuel said, according to the Detroit Free Press, part of the USA TODAY Network.

This article originally appeared on USA TODAY: Dusty May Michigan buyout: What ex-Wolverines coach said of contract