University of Florida head basketball coach Billy Donovan said Wednesday he is close to signing a new contract to stay on at the school through the 2015-16 season, The Florida Times-Union reported.
Donovan, who led the team to back-to-back national championships in 2006 and 2007, still has two seasons remaining on his current contract that pays him about $3.5 million per year.
"I think in this day and age in coaching, it's very, very rare that you stay at a job — I'm starting my 16th year and you still have the same athletic director [Jeremy Foley] in place," Donovan told The Times-Union. "It's been our relationship that's made this job and this opportunity to be here so special."
Foley said Wednesday the school would announce the financial terms of the deal after Donovan signed it.
"Obviously everyone knows how we feel about Billy Donovan," Foley said. "It's in the best interest of our program to keep him here for a long time."
Donovan's win-loss record is 360-147 in his 15 seasons at Florida.
