Dallas Mavericks name Michigan's Dusty May as their next head coach
May, 49, spent the past two seasons the head coach at Michigan, which won the NCAA championship in April.
Watch CBS News
May, 49, spent the past two seasons the head coach at Michigan, which won the NCAA championship in April.
Stock market volatility is hitting higher-income Americans, driving a sharper drop in consumer sentiment.
The university fired ex-coach Sherrone Moore on Dec. 10 for having an "inappropriate relationship" with a female staffer.
Moore, 39, is charged with third-degree felony home invasion, as well as misdemeanor counts of stalking and of breaking and entering.
The University of Michigan appointed Biff Poggi as interim head coach after Sherrone Moore was terminated.
