The Timberwolves and Kurt Rambis have reached terms on a deal that will install Rambis as the Wolves' new head coach, according to NBA coaching sources.

Rambis was lured away from Lakers coach Phil Jackson's staff by a four-year deal believed to be worth in excess of $8M.

Wolves owner Glen Taylor confirmed ESPN.com's report in an interview with the St. Paul Pioneer Press late Saturday, telling the newspaper that he expects Rambis to formally sign the contract Monday.