Update: March 23 at 10:40pm
MU Athletic Director Mike Alden confirmed Wednesday night that Mike Anderson is leaving Mizzou.
Anderson met with his players Wednesday evening and they left Mizzou Arena visibly upset. They returned later to speak to the media.
Laurence Bowers said he was mad but understands going to Arkansas makes Anderson happy and that the coach did what was best for him.
Kim English said he understood going to Arkansas was something special for Anderson, who as an assistant there for 17 years.
Marcus Denmon said he feels bad about the coaching change.
Alden told the media the university had been working for several months on a contract extension with Anderson but the university withdrew that offer when they gave Anderson permission to talk to Arkansas this afternoon. Anderson's deal with Arkansas will be for 2.2 million a year for seven years.
Mike Alden and a search committee of three others will start the search immediately. The committee will include Tiger analyst and former player Gary Link.INSERT ATTRIBUTION
Update: March 23 at 9:00pm
The University of Arkansas web site http://www.arkansasrazorbacks.com/ is comfirming MU head basketball coach Mike Anderson will become that school's new coach.
Anderson met with his players at MU Wednesday night at 7pm and a 9pm news conference is scheduled by the University of Missouri Athletic Department.
KRCG will be there and have the university's reaction tonight on KRCG News Nightside at 10pm.Update: March 23 at 1:45 p.m.:KNWA, a Northwest Arkansas NBC affiliate reported breaking news early Wednesday afternoon that Mike Anderson will be named the head basketball coach of the University of Arkansas.Several Arkansas television stations are reporting the contract has been approved by the Board of Regents for Arkansas and will be announced tomorrow. The deal is reportedly for 7 years and $2.2 million. Original Story:National media reported on Wednesday that Mizzou head coach Mike Anderson will head to the University of Arkansas to take over their program.ESPN's Andy Katz said sources reported that a contract offer and an Anderson acceptance are a mere formality. Speculation surrounding a possible Anderson move began last weekend when a Tulsa ABC sports director tweeted that an announcement would be made on Sunday morning.CBS Sports picked up the tweet and re-reported it, starting a media firestorm surrounding the "40 Fastest Minutes in Basketball" coach. When the announcement didn't happen, it appeared Anderson would continue his tenure at Mizzou.On Tuesday, Curators met in Rolla and a contract extension for Anderson was on the agenda. His agent confirmed on Tuesday that he had been in contract negotiations with the University of Missouri for a contract extension for several weeks. STLToday.com reported the new contract would add two years to Anderson's contract, who has five years left in the seven year contract he signed two years ago. Anderson's salary would reportedly increase from approximately $1.5 million to about $2 million. The contract extension required the board's approval.No news came out of the Curator's meeting in Rolla.Wednesday morning, Katz published his report on Anderson's move to Arkansas, citing Nolan Richardson -- Anderson's former coach and colleague."Mike told me it was 50-50 since he was still negotiating," Richardson said Wednesday morning by phone. "I'm happy for him. I support Mike and I will support him wherever he goes. He's like a son to me."Anderson played basketball at the University of Tulsa and worked as an assistant coach under Richardson at Arkansas.Do you think Anderson will head to Arkansas? Do you think Missouri should give him the contract extension? Sound off in our comment section.