After weeks of waiting, Texas Tech finally has its next head coach: North Texas' Grant McCasland. 

The Red Raiders will be hiring McCasland on a six-year contract worth $18 million, sources told CBS Sports. McCasland's Mean Green won the NIT championship Thursday in Las Vegas with a 68-61 win vs. Conference USA brethren UAB. 

Texas Tech negotiated with McCasland in recent weeks; an official announcement from Texas Tech and North Texas is expected on Friday.