Iowa will reportedly announce a contract extension for coach Kirk Ferentz sometime Tuesday, according to SI.com’s Pete Thamel.

Ferentz’s current contract, which pays a base salary of $4,075,000, expires in January 2020, when he will be 64. In July, Iowa athletic director Gary Barta said that he was working on a “retirement contract” extension for the long-time head coach.

Ferentz is tied with Oklahoma’s Bob Stoops as college football’s longest-tenured coach, having been the Hawkeyes’ ring leader since the 1999 season.

Ferentz has an all-time record of 128-87 with Iowa entering Week 2, including a 6-7 postseason mark. The Hawkeyes (1-0), who opened the season No. 17 in the country, will host in-state rival Iowa State this Saturday after taking care of Miami (Oh.) last weekend, 45-21.

UPDATE: Iowa has officially extended coach Ferentz through the 2026 season. Here is an official statement from Barta:

“I’ve said it many times, I would like Kirk to retire as a Hawkeye, and this contract is a strong statement toward that commitment,” said Barta. “Kirk’s dedication to the football program and the University of Iowa has brought national attention and recognition to the Hawkeyes for nearly 20 years.

“Kirk is one of the top coaches in country. His commitment to winning, graduating student-athletes, and doing things the right way is unmatched by any program or coach,” added Barta. “There is strong momentum surrounding the Hawkeye football program. Whether it’s on the field, recruiting, academics, facilities, or with his staff, we’re achieving at a high level today, and are well positioned for continued success for years to come.”