Texas Rewards Mack Brown With Contract Extension

iStockPhot​o/Thinksto​ck(AUSTIN, Texas) -- Even though the Texas Longhorns football program has seen better days as of late, the university is still standing behind their legendary coach. According to the Austin American-Statesman, the university is planning to extend head coach Mack Brown's contract through the 2020 season. Brown earns $5.2 million per season, and will receive an annual raise of $100,000.

"Our football program is in a great place thanks to Mack's hard work," Texas athletic director DeLoss Dodds said in a statement. "Mack is as energized as ever, has a great staff and an exciting young team. Our future is very bright.

Brown has been at Texas for 14 seasons, winning a BCS championship in 2005. During his tenure at the university, Browns has gone 141-39, but in the past two seasons the team has struggled. The team went 5-7 in 2010 and 8-5 in 2011.

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Yoenis Cespedes Officially A Free Agent

Major League Baseball(NEW YORK) -- The Yoenis Cespedes sweepstakes has officially begun. The 26-year old Cuban outfielder, who has been hyped all offseason, has established residency in the Dominican Republic, making him a free agent.

Major League Baseball had told Cespedes that he cannot finalize a contract until he obtains an unblocking license from the United States Treasury Department's Office of Foreign Assets Control because of his status as a Cuban national who has established residency in a new country.

The big question is though, is which teams will make a serious run at signing him. He has been linked to the Marlins, Tigers, White Sox, Orioles, and Phillies, among others. He is expected to receive a contract worth more than the $30 million that Cuban pitcher Aroldis Chapman got from the Cincinnati Reds back in 2010.

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Mavericks Receive Rings, Get Blown Out by T-Wolves 105-90

Thomas Northcut/Digital Vision(DALLAS) -- The Dallas Mavericks (11-8) finally got their 2011 NBA Championship rings and then decided to take the second-half off against the Minnesota Timberwolves (11-8) on Wednesday night.

Minnesota's $60 million man Kevin Love contributed 31 points and 10 rebounds after getting a four-year contract extension with the team earlier Wednesday.

"The game turned at the end of the first half," Carlisle said. "We lost some concentration. ... Look, we didn't deserve to win, and frankly, after that period at the end of the second quarter, we really didn't compete at any kind of level at all."

Minnesota's rookie sensation Ricky Rubio chipped in 17 points and 12 assists in the win.

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Michigan State's Tom Izzo Wins 400th Career Game

Mitchell Layton/Getty Images(EAST LANSING, Mich.) -- Michigan State (17-4) took care of Minnesota (15-6) by a score of 68-52 on Wednesday night, but more importantly the Michigan win netted coach Tom Izzo his 400th career victory.

Senior forward Draymond Green put in 22 points in the win and put his team in a first-place tie in the Big Ten with its second straight win.

But the night belonged to Tom Izzo, for whom the high water mark of 400 wins was elusive this week.

"I’d like to do some special things with this group because I have such appreciation for them," an emotional Izzo said after the game. "It’s kind of a hodgepodge group, a really different group, and they’ve melted together because of an exceptional leader...and that is Draymond (Green)."

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Sharapova Headed to Austrailian Open Finals

GREG WOOD/AFP/Getty Images(MELBOURNE, Australia) -- Maria Sharapova is headed to the finals of the Austrailian Open after she beat Petra Kvitova 6-2, 3-6, and 6-4 on Wednesday night.

With the victory, Sharapova will take on Victoria Azarenka on Saturday.  The winner will not only determine the champion but also number one in the world ranking.

Sharapova broke Kvitova's serve in the last game to finish off her opponent.

"In the third set, I felt she always had the advantage because I was always down on my serve," said Sharapova.  I just told myself, 'You just gotta go for it; don't let her finish off the points like she likes to.'"

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Lakers Take RoundTwo with Clippers, 96-91

Christian Petersen/Getty Images(LOS ANGELES) -- The Los Angeles Lakers (11-8) played physical on Wednesday night against their Staples Center foe, the Los Angeles Clippers (9-6).

Both teams traded baskets down the stretch, but it was Metta World Peace -- aka Ron Artest -- who nailed a big three-pointer to give the Lakers a five point lead with 3:30 left to play which capped an 11-4 run by the men in purple and gold.

Kobe Bryant scored 12 of his 24 in the fourth and Pau Gasol added 23 of his own to beat the Clippers, 96-91 and even things up for the series in the early season at one a piece.

"Everybody played with the right attitude, and guys did what they do best," Bryant said. "They had the right temperament. Everybody did what we do best."

After the buzzer sounded, Gasol patted the Clippers guard on the head, which led to Paul firing back with some words.

"He touched the top of my head, and I didn't like that," said Paul.  "You know what I mean. I don't know if Paul's got kids, but don't touch my head like I'm one of your kids. I don't know what his intentions were, like, 'I'll treat him like little Chris.' I don't know if he's got kids, but I'm not one of them."

The Lakers held Paul to four points and 12 assists.  Clippers forward Blake Griffin had a team high of 26 points.

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Scoreboard Roundup - 1/25/12

Thomas Northcut/Digital Vision(NEW YORK) -- NBA: The Miami Heat (13-5) bounced the Detroit Pistons (4-15), 101-98.

The Indiana Pacers (12-5) outpaced the Chicago Bulls (16-4), 95-90.

The New Jersey Nets (6-13) bypassed the Philadelphia 76ers (12-6) in overtime, 97-90.

The Cleveland Cavaliers (7-10) topped the New York Knicks (7-11), 91-81.

The Washington Wizards (3-15) vanquished the Charlotte Bobcats (3-16), 92-75.

The Oklahoma City Thunder (15-3) zapped the New Orleans Hornets (3-15), 101-91.

The Milwaukee Bucks (7-10) downed the Houston Rockets (10-8), 105-99.

The San Antonio Spurs (12-7) lassoed the Atlanta Hawks (13-6), 105-83.

The Cleveland Cavaliers (7-10) popped the New York Knicks (7-11), 91-81.

The Minnesota Timberwolves (8-10) beat the Dallas Mavericks (11-8), 105-90.

The Toronto Raptors (6-13) outlasted the Utah Jazz (10-6) in two overtimes, 111-106.

The Denver Nuggets (13-5) ran past the Sacramento Kings (6-13), 122-93.

The Golden State Warriors (6-11) slid by the Portland Trail Blazers (11-8), 101-93.

The Los Angeles Lakers (11-8) ko'ed the Los Angeles Clippers (9-6), 96-91.

Top 25 Men's College Basketball: Oklahoma State (10-10) knocked off (2) Missouri (18-2), 79-72.

(4) Ohio State (18-3) pounded Penn State (10-12), 78-54.

(8) Duke (17-3) topped Maryland (12-7), 74-61.

(10) Michigan State (17-4) downed Minnesota (15-6), 68-52.

(12) UNLV (19-3) got by Boise State (10-9) in overtime, 77-72.

(15) Creighton (19-2) beat Drake (12-9), 77-69.

(18) Mississippi State (17-4) took care of LSU (12-8), 76-71.

(22) Kansas State (15-4) crushed Texas Tech (7-12), 69-47.

(23) Florida State (14-6) defeated Wake Forest (11-9), 75-52.

NHL: The Montreal Canadiens (19-21-9) rocked the Detroit Red Wings (33-16-1), 7-2.

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Colts Hire Pagano As New Head Coach

Scott Boehm/Getty Images(INDIANAPOLIS) -- The Indianapolis Colts have named Baltimore Ravens defensive coordinator Chuck Pagano as their new head coach, taking over for the fired Jim Caldwell. The 51-year-old Pagano oversaw a Ravens defense that finished this season ranked third overall in the NFL.

“They fell in love with this guy for being a football lifer,” ESPN NFL insider Adam Schefter said of the Colts decision to hire Pagano. “His life is all about football. He’s a football coach, pure and simple. That’s what he’s done.”

The Colts will introduce Pagano as their new head coach at a news conference on Thursday.

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Love Agrees To A New Deal With T-Wolves

Minnesota Timberwolves/NBA(MINNEAPOLIS) -- All-Star forward Kevin Love and the Minnesota Timberwolves have agreed to a four-year contract extension worth more than $60 million. The deal gives the 23-year-old Love the option to opt out after three years, in 2015.

“I like the direction this team is headed,” Love said. “I like the youth that we have. I like the pieces that we have. I like that we are knocking on the door. We are very, very close in games.”

The T-Wolves haven't made the playoffs since 2004.

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NFL Commissioner Roger Goodell Gets Five-Year Contract Extension

Slaven Vlasic/Getty Images(NEW YORK) -- Roger Goodell will be running the show for the NFL until at least the 2018 season. The league has agreed to a five-year contract extension with Goodell to remain the league's commissioner. His original deal was set to expire in March of 2014.

According to the league, a resolution had been reached during an owner's meeting back in December to negotiate a new deal with Goodell. Goodell replaced Paul Tagliabue in 2006 and has since negotiated a 10-year labor agreement and nine-year TV network extensions, and has overseen the league as it enters an all-time level in popularity.

"I speak on behalf of 32 NFL club owners in saying we are fortunate to have Roger Goodell as our commissioner," Atlanta Falcons owner Arthur Blank told Daniel Kaplan of the SportsBusiness Journal.

Financial terms have yet to be released. Goodell made around $10 million per year under his old contract.

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