UConn, Calhoun to sign a four year extension

Jim Calhoun will return to Connecticut for his 25th season, as he has 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.

"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."