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UCF coach Donnie Jones is expected to sign a new five-year contract through 2018 on Friday, multiple sources told ESPN.
The news of the impending deal was reported earlier by the Orlando Sentinel.
Jones led the Knights to a 20-11 record last season despite losing three players -- Marcus Jordan, C.J. Reed and Josh Crittle -- following NCAA sanctions that made UCF ineligible for the postseason in 2012-13.
The contract is a strong sign of support from athletic director Todd Stansbury, who took over a little more than a year ago in place of Keith Tribble -- who resigned amid NCAA allegations. Jones had two years remaining on his previous deal.
Jones has led Central Florida to three consecutive 20-win seasons, but the Knights are heading from Conference USA to the new American Athletic Conference next season. He came to UCF from Marshall, where he was 55-41 in three seasons, and also was an assistant under Billy Donovan at Florida for 11 years.
UCF lost star forward Keith Clanton to graduation, but the Knights return starters Isaiah Sykes, Tristan Spurlock and Calvin Newell, as well as part-time starters Kasey Wilson and Daiqon Walker.
Jeff Goodman covers college basketball for ESPN.