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UConn men's basketball coach Jim Calhoun retires

FILE - In this Nov. 20, 2011, file photo, Connecticut head coach Jim Calhoun, right, gestures as assistant coach Kevin Ollie, left, and associate head coach George Blaney, center, look on during the second half of an NCAA college basketball game against C
FILE - In this Nov. 20, 2011, file photo, Connecticut head coach Jim Calhoun, right, gestures as assistant coach Kevin Ollie, left, and associate head coach George Blaney, center, look on during the second half of an NCAA college basketball game against Coppin State in Hartford, Conn. Calhoun is retiring and plans to announce his decision on Thursday, a person familiar with the decision told The Associated Press. Ollie was expected to replace Calhoun, the person said.
Jessica Hill, File, Associated Press

STORRS, Conn. — Retiring after three national titles in a 26-year career at Connecticut, Jim Calhoun is thanking everyone who helped him turn the Huskies into a basketball powerhouse.

The 70-year-old Hall of Famer spoke Thursday at a news conference to announce he is stepping down. The event is being held on the court in Storrs, where Calhoun racked up many of his 873 total wins.

In thanking administrators, players, fans and his family, the longtime coach says he feels blessed and is grateful that "you trusted us."

Calhoun will take a transition appointment through next spring as a special assistant to athletic director Warde Manuel. When he is fully retired, Calhoun will become head coach emeritus.

Calhoun has been slowed by health problems in recent years including a fractured hip last month.

Assistant coach Kevin Ollie, who played point guard for Calhoun from 1991-95, will be the Huskies' new coach. His contract runs through next April 4 and he will be paid $625,000.