Coach Scott Brooks and the organization have reportedly agreed on a new four-year deal, according to ESPN.
The financial details aren't known yet, but the Thunder's last offer was reportedly more than $4 million a year.
Brooks was named Coach of the Year in 2010 and has been the head coach of the Thunder since 2008, compiling a 174-125 career record. Last season, Oklahoma City roared to a 47-19 regular season and the No. 2 seed in the Western Conference before falling to the Heat in five games in the Finals.