Scott Brooks, Oklahoma City Thunder Nearing New Contract

MIAMI, FL - JUNE 21: Head coach Scott Brooks of the Oklahoma City Thunder answers questions from the media during his post game press conference after they lost 121-106 against the Miami Heat in Game Five of the 2012 NBA Finals on June 21, 2012 at American Airlines Arena in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Ronald Martinez/Getty Images)

Scott Brooks is nearing a four year extension with the Oklahoma City Thunder.

Scott Brooks can breathe a sigh of relief soon.

According to ESPN's Marc Stein, Brooks and the Oklahoma City Thunder are closing in on a new contract that will keep the head coach in Oklahoma City for four more years.

Brooks and the Thunder, after slow-moving talks that had left the sides well apart by the end of the NBA Finals earlier this month, soon will finalize a new four-year deal to follow up the contract that expires Saturday.

Although the financial specifics were not yet known, ESPN.com reported last week that the Thunder's most recent offer was "north of $4 million" annually.

"They are getting close," one source briefed on the discussions said.

Brooks led the Thunder to the NBA Finals this year, where they lost to the Miami Heat in five games. Despite the Finals loss, it was easily the most successful year in Thunder history, and Brooks looks like he'll be rewarded sooner rather than later for his role in the success.

For more on the Oklahoma City Thunder, head over to Welcome to Loud City and join the discussion.

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