The deal includes a substantial increase in pay for Sendek and is reported to be in excess of one million dollars annually.
Sendek replaces Rob Evans, who was fired on March 10.
Arizona State fired Evans at the end of the 2005-2006 season. He spent eight seasons with the Sun Devils, compiling a 119-120 record.
ASU finished its season with a loss to Oregon State at the Pac-10 tournament in Los Angeles. The Sun Devils finished the year with a losing record of 11-17, and Evans' departure had been widely anticipated.
Other candidates for the position had been Pittsburgh head coach Jamie Dixon and ESPN commentator Rick Majerus. Dixon accepted a contract extension to remain at Pittsburgh and Majerus was interviewed by reportedly was never offered the position.
Arizona State will be announcing the hire in the near future.
Sendek's record in his ten seasons at NC State was 170-118 (.590), and he had an overall record of 232-144 (.617). His 170 career wins trail only Duke's Mike Krzyzewski (25 years) and Maryland's Gary Williams (16 years) among ACC current league coaches.
Furthermore, NC State made the NCAA Tournament in five consecutive seasons for only the second time in school history. NC State lost to Texas in the second round of the 2006 NCAA tournament, and reached the Sweet Sixteen the year before.
Stay tuned for more from Pack Pride and NC State University on this developing situation.