ESPN Dallas is reporting that 71-year-old Hall Of Fame coach Larry Brown will become the next head coach of the SMU Mustangs:

BREAKING: Hall of Famer Larry Brown, 71, agrees to become next #SMU men's basketball coach. Story to come: es.pn/eS1xuG #Mustangs

— ESPNDallas (@ESPNDallas) April 17, 2012

The only holdup on an immediate official announcement is the assembly of a staff, according to ESPN:

Sources said that Brown has offered Illinois State coach Tim Jankovich a "coach-in-waiting position." Jankovich is leaning toward accepting the job, but he's also conflicted about leaving a Redbirds squad that returns every key player from last season's 21-14 team.

Brown has been out of basketball for just under two years, when he left the NBA's Charlotte Bobcats in 2010. He's the only basketball coach in history to have both a NCAA Championship (Kansas, 1988) and a NBA title (Detroit, 2003).

For more on Larry Brown and the SMU Mustangs, go to SB Nation's college basketball page.