Mike Brey will continue as the Notre Dame men's basketball coach for the next 10 years, agreeing to a new contract that will keep him with the Fighting Irish through the 2021-22 season.

Financial terms of the new deal, which takes effect on July 1, were not disclosed.

"Mike Brey epitomizes all that a university like ours hopes for in a coach," said Notre Dame athletic director Jack Swarbrick in a statement. "He has built a winning program without ever compromising his values, and he develops players both on and off the court as well as anyone in the country. This new contract, and particularly its length, is a reflection of our commitment to Mike and his commitment to Notre Dame."

Brey owns a record of 260-132 since becoming the head coach at Notre Dame in July of 2000. He is a three-time Big East Coach of the Year and has guided the Irish to eight NCAA Tournament berths in his 12 seasons.

"As I have said on many occasions throughout my time here at Notre Dame, I am both honored and humbled to be the head coach at this very special place," said Brey. "When I took the job here nearly 13 years ago, I felt that this could be a place where I could retire from coaching. With the terms of this new contract, I certainly intend for it to be my last coaching stop."

Notre Dame was 22-12 during the 2011-12 season, including 13-5 in the Big East. The Irish were picked to finish ninth in the conference after losing three starters from the previous season as well as Tim Abromaitis with a torn ACL in late November.

Brey's 260 wins with the Irish are the third-most in school history, behind only Digger Phelps' 393 and George Keogan's 327.

Prior to joining Notre Dame, Brey was the head coach at Delaware for five seasons. He has a career record of 359-184 in 17 seasons as a collegiate head coach.