Hall of Fame men's basketball coach Jim Calhoun has agreed to a five-year extension with UConn, a source close to the negotiations told ESPN.com Saturday.
Financial details will be released later by the school, but the source said Calhoun did get a raise from his current $1.6 million salary.
Athletic department spokesman Kyle Muncy said Sunday nothing had been finalized.
Calhoun, 67, is in the last season of his current deal, which would have expired June 30, 2010, but is now part of the new five-year deal.
Calhoun, who has led Connecticut to three Final Fours and national titles in 1999 and 2004, is in his 24th season with the Huskies.
Calhoun was inducted into the Basketball Hall of Fame in 2005. He has a career record of 811-344, good enough for sixth on the NCAA Division I wins list.
Andy Katz covers men's basketball for ESPN.com. The Associated Press contributed to this story.