"With the Miami Heat on the verge of acquiring Shaquille O'Neal, the team signed coach Stan Van Gundy to a multiyear extension Monday."

The Heats GM Randy Pfund also received an extension.

"The trade for O'Neal could become official Wednesday when the NBA's two-week player movement moratorium ends. He's expected to join the Heat in exchange for Lamar Odom, Brian Grant, Caron Butler and a first-round draft pick."

Van Gundy was the replacement for Pat Riley last season and led the Heast from a bad start to the playoffs; the first time the Heat have been in playoffs in three years.

"Randy and Stan are two of the most loyal, competent and reliable men at their positions in the NBA," Riley said. "I look forward to continue working closely with them to help bring a championship to Miami."