ESPN’s Michael Smith reports the following:

Belichick and Patriots ownership recently agreed to a long-term contract extension. The pact will keep Belichick on New England’s sideline through at least the 2013 season, according to league sources and sources close to the coach. The deal was agreed to before the recent “spying” scandal in which the Patriots were punished by the NFL.

If true, that’s the best news we’ve heard in some time, and hopefully puts to rest the “one final run” rumors.