Knicks coach Mike Woodson is close to a new deal with the team. (Getty Images)

The New York Knicks will soon end weeks of speculation by signing interim coach Mike Woodson to a long-term deal, according to a report by Newsday’s Al Iannazzone.

The two sides are hoping to sign a new contract by the Memorial Day weekend, sources told the New York Post’s Marc Berman. The deal is expected to be for three seasons.

The Knicks went 18-6 to close the regular season after Woodson replaced Mike D’Antoni on March 14. The team bowed out to the Heat in the first round of the playoffs.

There had been speculation the team would try to lure Phil Jackson out of retirement or John Calipari away from Kentucky. Instead, the team will stick with Woodson, who coached the Atlanta Hawks for six seasons and has a career record of 224-292.

The University of Kentucky men’s basketball team has been invited to visit the White House this Friday, according to a tweet from head coach John Calipari.

We have been invited to meet President Barack Obama at the White House on Friday.

— John Calipari (@UKCoachCalipari) May 1, 2012

The amazing thing is the first thing that was said when the horn sounded in New Orleans was, “We’re going to the White House!”

— John Calipari (@UKCoachCalipari) May 1, 2012

The Wildcats defeated the Kansas Jayhawks 67-59 in the National Championship game in early April to earn their eighth overall NCAA title, and their first since 1998. The club finished with a 38-2 overall record, helping Calipari improve his record with Kentucky to 102-14.

Following the team’s victory, the entire starting lineup announced that they will be leaving school to enter the NBA draft.

University of Kentucky coach John Calipari said he is not going to coach in the NBA anytime soon, according to ESPN.

“Kentucky is the best job in basketball coaching,” Calipari said.  “Why would I leave? We just won the national title.  We’re chasing UCLA.”

Kentucky, capturing its eighth national men’s basketball title in the win over Kansas on Monday, is three titles short of UCLA’s all-time record of 11.

After taking UMass to final four in 1996, Calipari coached the New Jersey Nets for three seasons.  He then worked as an assistant with the Philadelphia 76ers for one season.

Even though the New York Knicks may have a potential opening with interim coach Mike Woodson stepping in for Mike D’Antoni, Calipari has said no NBA team has contacted him.

University of Kentucky basketball players Stacey Poole and Terrence Jones were involved in a late night car accident last night, according to a blog post by Kentucky head coach John Calipari.

“At approximately 2:30 a.m., Stacey Poole and Terrence Jones were involved in a car accident at the corner of Euclid Avenue and High Street, Calipari wrote. “They were struck by a vehicle driving on the wrong side of the road. The driver of the oncoming vehicle has been charged by police with driving under the influence.”

Neither of the players were injured in the accident.

Jones, a star sophomore for the team, left the scene of the incident shortly after the crash. According to Calipari, he did so out of fear of an altercation with the driver of the oncoming vehicle. He was later questioned by police about the accident.

Poole and the driver of their vehicle remained on the scene and answered questions to the reporting officers at the time.

Calipari says that as a result of the incident, the team will have a curfew for the remainder of the season.