John Beilein is already at work at Michigan but the $2.5 million buyout he owes West Virginia doesn't look like it's going away anytime soon. The former Canisius coach fired agent Dennis Coleman last year after the buyout was a big factor in why he couldn't leave Morgantown to take the top job at North Carolina State.
Several sources in the Big 4 and in the Detroit-area media speculated that Beilein would not be a candidate at Michigan only because the school would not pay the buyout. As it turned out, Beilein told Michigan he would take care of it. Apparently, he's still trying to figure out how that will be handled but don't expect West Virginia to budge from the $2.5 million figure.
In case you missed it, Beilein is making $1.3 million a season for his six-year deal and can also earn the following bonuses: $25,000 for an NCAA Tournament bid, $50,000 if he advances to the Sweet 16, $100,000 for a Final Four trip, $150,000 for a national title. Seems like plenty of chances to earn some extra cash from the new employer to help pay off the old one.