Terms of the agreement have not been disclosed, but university officials confirmed that Miles would return for a seventh season.
Miles' current deal pays him about $3.75 million a year and runs through 2014.
The report comes a day after Miles met with the athletic director of Michigan about the school's vacant head-coaching job.
Miles will hold a new conference when he returns from Dallas, where is speaking at the convention of the American Football Coaches Association convention.
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