DePaul has agreed to a five-year contract extension with athletic director Jean Lenti Ponsetto through the 2016-17 academic year.
Ponsetto has been on the job since July 2002 and has helped raise more than $13 million dollars and create more than 25 endowed scholarships.
The deal announced Tuesday comes at a time when the school is looking for a new home for the men's basketball team in the city. The Blue Demons play most of their home games at Allstate Arena in suburban Rosemont, Ill.
Spots near the school's Lincoln Park campus and downtown as well as the United Center are being looked at.
The DePaul men's basketball team is ready to rebound from a disappointing 2011-12 season when they finished last in the conference with a 3-15 record. Junior forward Cleveland Melvin says this year's squad is faster, scrappier, and more focused on defense. Melvin talks about the upcoming season and more right here.