BREAKING NEWS: Calhoun Stepping Down

Coach Jim Calhoun's Hall of Fame coaching career at Connecticut has come to an end. Sources have confirmed to that Calhoun, 70, will not coach this season and has decided to retire. UConn has announced it will hold a news conference "to address the future of the men's basketball progarm" at 2 p.m. Thursday at Gampel Pavilion in Storrs.

NBC Connecticut, Channel 30, broke the story on its 6 p.m. newscast. Officials at UConn would neither confirm or deny the report.

UConn officials were in negotiations with assistant coach Kevin Ollie Wednesday night. A source said Ollie will coach the team this season but it has not been confirmed whether Ollie has been named head coach or interim coach. The contract language may be finalized at some in-between level but it isn't expected to be for more than one year.

Sources said Ollie wanted a three-year contract but athletic director Warde Manuel would not make that commitment.

A source confirmed that Karl Hobbs, who spent last season as administrative director for the basketball program, will be promoted to the assistant coach level. Hobbs will join associate head coach George Blaney and assistant coach Glen Miller on Ollie's staff. Blaney, three years older than Calhoun, will stay on staff.

Calhoun won three NCAA national championships at UConn, where he became head coach in 1986 after leaving Northeastern. He has a 625-243 record in 26 years at UConn and in 40 years of coaching has won 873 games, sixth all-time in Division I hisotry.

Only Mike Krzyzewski, Bob Knight, Jim Boeheim, Dean Smith and Adolph Rupp recorded more wins. Even though UConn is banned from NCAA and Big East postseason play in 2013 for underachieving on Academic Progress Rate (APR) scores, Calhoun could have easily moved past Rupp (876) and Smith (879) by coaching one more year.

After a 9-19 record his first year, Calhoun won the NIT in 1988. The love affair with an entire state was on and Huskymania was born. UConn's "Dream Season" in 1989-90 ended one step short of a Final Four. After several disappointing NCAA exits (nine Elite Eights and 13 Sweet 16 appearances brought some heartache along with the titles), Calhoun finally experienced a national championship in 1999 when he outcoached Krzyzewski and UConn knocked off heavily favored Duke 77-74. With championships in 2004 and 2011, Calhoun became just the fifth coach to win three national titles. John Wooden, Krzyzewski, Rupp and Knight are the others.

Calhoun fractured his hip in a bicycle accident on Aug. 4 but since the Huskies lost to Iowa State in the 2012 NCAA Tournament, he has been uncertain about his return for the 2012-13 season. He also missed several games last season with spinal stenosis, returning to the bench after surgery to relieve the discomfort in his back.

Ollie, 39, has been an assistant at UConn the past two seasons and has been highly successful as a recruiter for the Huskies. Ollie played 13 season in the NBA after completing his college career at UConn in 1995. Ollie played for Calhoun and stands No. 3 all-time at UConn in assists. He was a two-time captain at UConn and played on teams that advanced to the Sweet 16 and Elite Eight in 1994 and 1995 respectively.

Calhoun battled hard for Ollie to be named coach-in-waiting but Maunuel, in his first-year as UConn athletic director would not agree to that. Calhoun has had discussions about his future with Manuel and President Susan Herbst for the last week or so.

In recent weeks, Calhoun seemed to be wavering on his future, one day sounding as if he would return, the next saying he had other things to do in life.

But he had been thinking about his legacy.

"I've got probably better insight now into these past 26 or 27 years," Calhoun told in late August. "So I have a little different perception. With or without me, UConn is [still there]. My whole goal in life, when we came in 1986, and to where we are now, I'm very, very determined that that continues. That would be the best legacy of all, to have this continue to be UConn."

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