Wojnarowski said talks escalated over the weekend, with a deal reached on Sunday.
Beilein is the only active collegiate coach to have achieved 20-win seasons at four different levels — junior college, NCAA Division III, NCAA Division II, and NCAA Division I.
Beilein is also one of only six active Division I coaches with 700 or more career wins. In addition, Beilein was the seventh of only ten coaches to have taken four different schools to the NCAA Division I Tournament.
At Michigan, Beilein has led the team to three consecutive Sweet Sixteen appearances.
This season, the team established a school record with a 17–0 start and tied a school record with 17 consecutive wins. The entire starting lineup earned All-Big Ten recognition.