Calhoun returning to Connecticut

Two-time national championship and Hall of Fame coach Jim Calhoun will return to Connecticut for his 25th season. He agreed to a four-year contract extension with the school on Thursday.

Calhoun, who will turn 68 in May, has been in negotiations with Connecticut over the past year. His current contract expires on June 30. Calhoun is expected to sign the new contract within the next few weeks.

"Let me officially put to rest the speculation about my future at UConn," Calhoun said in a prepared statement through his agent Jeff Schwartz to ESPN.com Thursday night. "We are close to finalizing a new contract and I plan on continuing as the head coach of the men's basketball team for several more years."

There was speculation that Calhoun's future was in doubt during an abrupt seven-game absence this season for an undisclosed medical condition. But Calhoun returned to the bench as fiery and passionate as he has been at UConn.

On Tuesday, the Huskies lost to St. John's in the first round of the Big East tournament in New York. The Huskies, who were ranked as high as No. 10 in the ESPN/USA Today poll, finished 17-15, 7-11 in the league. They are waiting for a postseason bid, likely in the NIT.

Calhoun has had multiple health issues, battling cancer three times. Last June, he dealt with broken ribs after falling during his charity bike ride.

Throughout this season, Calhoun has recruited as if he were going to coach at Connecticut for the foreseeable future. The Huskies lose seniors Jerome Dyson, Stanley Robinson and Gavin Edwards. It is unknown whether sophomore point guard Kemba Walker will return or declare for the NBA draft. Either way, Connecticut could be facing a rebuilding situation.

"I am excited that Jim has decided to continue coaching at the University of Connecticut and look forward to having a signed contract in the near future to make it official," UConn athletic director Jeffrey Hathaway said.

Calhoun said multiple times during the season that he feels great and would continue to coach.

Andy Katz is a senior writer at ESPN.com.