According to the News, Spike Albrecht is eligible for a redshirt this year, and a 5th year in the 2016 - 2017 season, if he and Beilein mutually desire.
LINK: So you're saying there's a chance?
This tidbit is buried well below the lede, which focuses on incoming recruits Xavier Simpson and Austin Davis.
Beilein continues to leave the door slightly cracked for a possible return. Albrecht, who had two hip surgeries this spring, remains on scholarship and could actually get another year of eligibility — because he remains just under the 30-percent threshold of games played this season. "I don't think he plans on that," Beilein said. "That's gonna be up to Spike." There's been no actual discussion yet between the two. If UM were to get Albrecht on the floor for even a second on Senior Day, March 5, against Iowa at Crisler Center, he would burn that extra year of eligibility.
It's an intriguing thought. Don't know what Spike has in mind. But if I felt better after rehab, the team was trending up, Beilein would allow it and there was room, and I had another free year of classes, room and board, etc., it'd be very tempting. Unless Spike has grad school lined up, or a clear job path, this looks like a great opportunity. We'll see.