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BREAKING: UConn Coach Jim Calhoun Expected to Retire

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UConn Huskie's mascot with both arms up.

INDIANAPOLIS, IN - APRIL 03: Jonathan the Husky, mascot for the Connecticut Huskies, performs against the Oregon State Beavers in the second quarter during the semifinals of the 2016 NCAA Women's Final Four Basketball Championship at Bankers Life Fieldhouse on April 3, 2016 in Indianapolis, Indiana. (Photo by Andy Lyons/Getty Images)

UConn men's basketball coach Jim Calhoun is expected to retire, two sources told NBC Connecticut's Kevin Nathan.

Calhoun, who has coached the Huskies for 26 years, told Nathan this morning that nothing was decided, but to not "be surprised by anything, even this week."

The 70-year-old Hall of Fame coach has been the subject of retirement talks for several years now, but now seems to be the most likely time for him to retire. UConn is out of this season's Big East and NCAA tournaments as a result of poor APR scores. Calhoun wanted to see UConn through the storm, which he has done, and get them back on the track they were on before the NCAA violations.

Calhoun has held off on saying anything about his future to this point. Don Amore, the UConn men's basketball beat writer for The Hartford Courant reported earlier that Calhoun told him there was nothing new to report, but that Calhoun, the program and the school are "having the discussions we need to have about moving forward.”

Despite what Calhoun said this morning, one of Nathan's sources says that his retirement is a matter of he and his agent "dotting the 'i's' and crossing the 't's'."

Calhoun has won 3 national championships and 17 Big East championships in his time at Connecticut, turning the program into a national powerhouse in unprecedented time.

UPDATE: ESPN's Andy Katz reports that Jim Calhoun will announce his retirement tomorrow. A press conference is scheduled for 2 p.m. ET. Assistant and former UConn basketball player Kevin Ollie has agreed to a one-year contract to become the next head coach.

Stay with College Spun for updates on Jim Calhoun's expected retirement.