OKLAHOMA CITY -- Texas Tech coach Bob Knight has agreed to a contract extension that would keep him with the Red Raiders through 2012.
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Knight, who needs 11 wins this season to pass Dean Smith's 879 to become the winningest men's coach in NCAA Division I history, has not yet signed the extension, Tim Knight, an assistant athletic director at the university and Knight's son, said Thursday.
The contract, which also needs to be approved by the university's board of regents, would be for $300,000 a year with a guaranteed $600,000 in outside income, athletic director Gerald Myers said.
"It's not a done deal," Myers said. "We're still in the process of getting it done."
Myers said he believes that once the paperwork is signed that Knight has every intention of staying through the contract period.
"But he's never really talked about when he's going to retire," Myers said. "He feels good, he's energetic, he still enjoys it. I'm glad he's going to continue on coaching. He's doing an outstanding job."
The 65-year-old Knight has a career record of 869-350 in 40 seasons of coaching at Army, Indiana and Texas Tech. He is 105-61 in five seasons at Texas Tech.
Knight won national titles at Indiana in 1976, 1981 and 1987. Last season, when Texas Tech went 15-17, was the second losing season of his career. His first came in his final year at Army in 1971, when his team went 11-13.
"I may coach another 10 years; I don't know," Knight said at Big 12 media day Thursday.
Last year Bob Knight's son, Pat Knight, signed a contract stipulating he would take over the team when his father retires.
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