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UPDATE 12:30 pm:

(WBIR, Volquest, ESPN) There's no word on whether Tennessee has offered men's basketball coach Cuonzo Martin a contract extension or a raise.

Sources told Volquest.com just after midnight Tuesday morning that Martin withdrew his name from Marquette University's coaching search.

Hours later, ESPN reported that Marquette officials hired Duke associate head coach Steve Wojciechowski.

Martin turned down the Marquette head coaching position after meeting with UT Athletic Director Dave Hart twice Monday, according to Volquest. It's still unclear whether Tennessee offered Martin a contract extension or a raise.

Martin's current deal pays him $1.3 million annually, which is 10th among SEC head coaches. The terms of that contract expire at the end of the 2015-16 season.

If he were to terminate his contract with UT early, Martin would owe the university $1.3 million. Before midnight Tuesday, April 1, that number was $2.6 million.

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KNOXVILLE (Volquest/WBIR) - Volquest.com reports Tennessee men's basketball coach Cuonzo Martin has withdrawn his name from Marquette University's search for its next head basketball coach.

Sources also told Volquest that Martin met twice with Tennessee Athletic Director Dave Hart on Monday, with the second meeting ending around 10 p.m.

ESPN reported over the weekend that Martin met with Marquette officials on Sunday.

Volquest says it's not clear whether Tennessee offered Martin a contract extension or a raise.

Martin's current deal pays him $1.3 million annually, which is 10th among SEC head coaches. The terms of that contract expire at the end of the 2015-16 season.

If he were to terminate his contract with UT early, Martin would owe the university $1.3 million. Before midnight Tuesday, April 1, that number was $2.6 million.

Martin guided the Vols to a Sweet 16 appearance this season. He is 63-41 in three full seasons with the Vols.

Read Volquest's full report here.

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