It's now officially official: Randy Wittman will be back as the head coach of the Washington Wizards. The team confirmed the news in a press release on Monday morning. Terms of the deal were not officially disclosed, but all reports indicate that Wittman will receive a new two-year contract.

UPDATE: Adrian Wojnarowski reports that there's no team option on the second year.

"I’m very appreciative of the opportunity that Mr. Leonsis and Ernie have given me and I’m thrilled to be returning to work with these players and this organization," Wittman said in the release. "I felt that we made significant progress throughout last season and we are all looking forward to having a full summer, training camp and season to continue to improve this team."

A press conference is scheduled for 3 p.m. at the Verizon Center. Wittman went 18-31 last year after replacing Flip Saunders after 17 games, including an 11-14 record following the midseason trade for Nene. That record included a six-game winning streak to end the year.

Much more to come.