The 2018-19 campaign will be Beilein's 12th with the Wolverines, and based off the wording in the tweet above, it seems like he's set on finishing his career at MI.
John Beilein is staying in Ann Arbor and will be coaching the Michigan Wolverines "next season and in the years to come".
Udoka was scheduled to meet with Gores on Wednesday in a second meeting with the organization, sources said.
Beilein is Michigan's all-time coaching wins leader with a 248-143 record in 11 seasons.
The Wolverines, which made the NCAA Tournament championship game in April, are ranked No. 21 in CBS Sports' Top 25 (and one) heading into the 2018-19 season. And according to outlets, Beilein interviewed with the team earlier this week.
Beilein's contract with MI runs through the 2020-21 season, where he earns $3.37 million per year.
Beilein has turned down National Basketball Association overtures in the past, and college coaches can stay only so long in process that is playing out in the public eye.
Michigan's athletic director Warde Manuel voiced the same feelings.
"We are thrilled that John Beilein will be our coach now and into the future".