Jim Calhoun is moving on to the next chapter in his life.
After 26 years at Connecticut and 40 years as a college basketball coach, Calhoun officially announced his retirement Thursday at a news conference in Gampel Pavilion in Storrs, Conn.
Kevin Ollie, an assistant and former player, will take over for Calhoun. Ollie was given a one-year contract.
Calhoun walks away as one of only five men to win three national championships - the last one coming in 2011. He was inducted into the College Basketball Hall of Fame in 2005, largely based on his ability to turn UConn into a national power.
Calhoun has battled health problems through the years. He has overcome skin and prostate cancer and struggled with back issues.
The 70-year-old Calhoun sustained a fractured hip in a fall from a bike on Aug. 4. However, he said his injury wasn't the reason for his decision.
As he retires with a 873-380 career record that includes his previous coaching job at Northeastern, the UConn program is ineligible for the 2013 NCAA Tournament because of its low Academic Progress Rate score.
In Calhoun's final season, he also served a three-game suspension in the Big East tournament last season for recruiting violations.
Ollie is Calhoun's hand-picked successor. USA Today reported Ollie's one-year contract is a compromise. The school wanted to make Ollie an interim coach, but they will evaluate his performance after the season.
--- Legendary basketball player Oscar Robertson and his wife owe more than $2.4 million to banks for their company headquarters in Ohio and are facing foreclosure.
The Cincinnati Enquirer reported Robertson owes $200,000 in property taxes and interest and holds two loans on the Fairfield, Ohio, building, and the chemical company has 14 open tax liens against it.
The paper reports Robertson's foreclosure case was scheduled for a Thursday hearing in Butler County Common Pleas Court.
Robertson claims to have not known of the foreclosure proceedings until Aug. 15 because he runs the business from his home to care for his ill wife, Yvonne.
The bank holding the first loan hasn't received payment on $1.8 million due in principal since November 2011, per the Enquirer. There's another loan of nearly $600,000 with a separate lender.
---Duke starting defensive end Justin Foxx could miss several games after undergoing surgery for a ruptured ligament on the ring finger of his right hand.
The school announced Thursday that the junior had the procedure Tuesday and his return date is undetermined.
Foxx led the Blue Devils in tackles for loss (1.5) and sacks (1.5) in their first two games of the season. He has 60 career tackles, including eight tackles for loss and 4.5 sacks.
---Penn State lost its 13th player since the football program was hit with NCAA sanctions this summer in the aftermath of the Jerry Sandusky scandal when backup kicker Matt Marcincin became the second Nittany Lion this week to leave the team.
Marcincin, a redshirt freshman walk-on, was taken off the roster Thursday, the school acknowledged.
"He left the team and is still enrolled in school," spokesman Jeff Nelson said.
Of the 13, nine have transferred and four are still at Penn State as students. Starting Shawney Kersey left the team earlier this week but also is in school.
---UFC 153 has a new main event.
Ultimate Fighting Championship middleweight champion Anderson Silva has agreed to fight veteran Stephan Bonnar in a light-heavyweight fight on Oct. 13 in Rio de Janeiro, Brazil.
According to USA Today, Silva stepped up after when the card's previously scheduled headliner, featherweight champion Jose Aldo, and original co-main-event fighter Quinton "Rampage" Jackson bowed out because of injuries.