VCU athletic director Ed McLaughlin said on Wednesday that Shaka Smart was still the Rams' head coach.
"Nothing is a done deal," McLaughlin told The Washington Post Wednesday night. "He is still our coach."
[daily_cut.college basketball]Earlier Wednesday, HornsDigest.com's Chip Brown reported a five-year deal worth about $14 million "was on the table" for Smart, who made $1.5 million from VCU last season.
The Rams hired Smart, 37, in 2009. He has a 163–56 career coaching record in six seasons and has made five straight NCAA tournaments. In his second year at VCU, he guided the Rams to the 2011 Final Four.
VCU went 26–10 this season and was a No. 7 seed in the NCAA tournament. The Rams lost to Ohio State in the Round of 64.
The Longhorns went 20–14 this season, losing to Butler in the Round of 64.
- Mike Fiammetta and Molly Geary