When Dusty May joined the Michigan Wolverines, his primary goal was to rebuild the team after the struggles of the previous season. This season, he’s proven successful in that mission, with the Wolverines standing strong at 13-3 in the Big Ten Conference—thanks in large part to May’s leadership.

With nearly 20 years of experience coaching collegiate basketball, Dusty May was appointed as the David and Meredith Kaplan Men’s Basketball Head Coach in March 2024. In doing so, he became the 18th coach to lead the Michigan Wolverines, taking on the responsibility of guiding one of the most storied programs in college basketball history. As May continues to build on his success, many are curious about his financial standing. Here’s a closer look at Dusty May’s net worth and salary as Michigan’s head coach.

From assistant coach to increased net worth

Dusty May, after serving over a decade as an assistant coach, became head coach of Florida Atlantic in 2018, signing a five-year contract. Though initially uncertain about the decision, he soon proved it to be the right choice. In the 2023 NCAA Tournament, May guided the Owls through a stunning run, defeating Memphis, Fairleigh Dickinson, Tennessee, and Kansas State, securing a spot in the Final Four.

Unfortunately, the Owls’ Cinderella run came to a heartbreaking end with a 72-71 loss to San Diego State. Despite the defeat, May’s achievements were nothing short of extraordinary. His leadership and success throughout the season earned him the prestigious title of National Coach of the Year from CBS.

The Florida Atlantic basketball program recognized May’s incredible 2023 season with well-deserved acknowledgment. According to reports, May earned a total of $545,000 during the 2022-2023 season, thanks to a series of performance bonuses. These included rewards for leading the Owls to the NCAA Tournament and guiding them to the Final Four. For his remarkable March Madness run alone, May earned an impressive $280,000 in bonuses.

After May’s contract came to an end, FAU showed their commitment to him by offering a lucrative 10-year contract extension. Reports revealed that May’s salary saw a significant increase, rising to $1.25 million per year, with a 5% raise each season through 2033.

In the following season, the Owls finished strong with a 25-9 record, but their journey ended with a tough loss to Northwestern in the first round of the NCAA Tournament.

After the season, Michigan made a bold move to bring Dusty May on board, persuading him to leave Florida Atlantic and lead Michigan basketball. May signed a five-year contract worth $3.75 million per season, starting in the 2024-25 season, marking an exciting new chapter in his career. As of 2024, his net worth is estimated to be around $1 million. This milestone marks an incredible step forward in a journey that began with Dusty May’s humble beginnings in the coaching world.

Dusty May’s Early Career Journey

Born on December 30, 1976, in Bloomfield, Dusty A. May’s basketball journey began at Indiana University, where he developed a passion for coaching. As an undergraduate (1996-2000), May served as a student manager under the legendary Bob Knight, assisting with video coordination and summer camps. He also coached the Bloomington Red AAU team, mentoring future NBA player Sean May, a North Carolina All-American and now a UNC assistant coach.

After graduating in 2000, May took his first professional step at the University of Southern California, serving as an administrative assistant and video coordinator. At USC, he was responsible for breaking down opponents’ films, directing summer camps, and overseeing daily operations. He also managed the support staff and student managers, further sharpening his skills behind the scenes.

May returned to his alma mater, Indiana University, from 2002 to 2005. He began as the program’s video coordinator for two seasons before advancing to an administrative assistant role in 2004-05. This period allowed him to deepen his understanding of collegiate basketball operations.

His coaching career took off in 2004-05 when he joined Eastern Michigan. May wore multiple hats, handling scouting, recruiting, compliance, academics, camps, and scheduling. He worked closely with post players, notably helping John Bowler earn All-MAC first-team honors with impressive averages of 20.1 points and 10.8 rebounds per game.

In 2006, May joined Murray State as an assistant coach, contributing to the Racers’ runner-up finish in the Ohio Valley Conference with a 13-7 record. He played a key role in developing freshman Bruce Carter, who earned All-OVC second-team honors and a spot on the Newcomer Team.

From 2007 to 2009, May worked on Mike Davis’ staff at UAB, where he helped the Blazers achieve back-to-back NIT appearances and consistent top-half finishes in Conference USA. UAB’s 45-23 record during May’s tenure highlighted his impact on the program’s growth.

Over his 13 seasons as an assistant coach, May compiled a remarkable career record of 274-166, earning a reputation as a coach who develops talent and elevates programs. This foundation laid the groundwork for his eventual rise to head coach.

Dusty May’s success goes beyond awards and financial gains. Known for his meticulous preparation and player-focused approach, he’s building a culture of hard work and excellence at Michigan. As he restores the program’s glory, May’s legacy is set to extend far beyond the court.