Connecticut men's basketball coach Jim Calhoun has signed a new five-year deal with the school.

The school announced the five-year, $13 million contract on Friday.

Calhoun, who turns 68 next week, had been making $1.6 million under a deal that was set to expire at the end of June.

"We need to be moving forward," Calhoun said at the news conference. "Any time you stand still, other folks are catching you, and matter of fact, bypassing you. We don't want that happening at UConn."

Connecticut's 2009-10 season was marred by Calhoun's health problems, an NCAA investigation and a disappointing performance on the court.