Central Florida is working on a two-year contract extension for football coach George O'Leary that would keep him under contract through the 2017 season.
Athletic director Todd Stansbury confirmed through a spokesman the deal is expected to be completed soon.
O'Leary signed a 10-year contract in 2006 that is set to end following the 2015 season. He is making just shy of $1 million a year, although bonus incentives can push the figure to $1.5 million.
The 66-year-old coach has guided the Knights to their first bowl appearance and bowl victories. He also helped spur construction of the on-campus football stadium.
The Knights are to join the Big East Conference next season.