The Washington Wizards are finalizing details on a two-year contract for interim coach Randy Wittman to become head coach, league sources told Yahoo! Sports.

An announcement is planned for next week, sources said.

The Washington Post recently reported Wittman’s likely promotion.

The Wizards won’t make a significant financial commitment to Wittman, sources said, and that’s a trend that more franchises are expected to continue. After the NBA lockout, many owners are determined to pay front-office and coaching staffs less money. The Wizards are a big-market team that could’ve successfully competed for higher-profile head coaches available, including Mike D’Antoni, Nate McMillan and Stan Van Gundy, but chose to keep Wittman on a shorter, less expensive contract.

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The organization ultimately never went outside to conduct interviews with potential candidates.

Wittman has a career record of 118-236 as head coach with Washington, Minnesota and Cleveland. After a 2-15 start to the lockout-shortened season cost Flip Saunders his job as coach, Washington showed improvement under Wittman the rest of the way. The Wizards finished 18-31 under Wittman. Several key returning players expressed support of Wittman’s candidacy to returning owner Ted Leonsis.

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