(CNN) Duke University's Mike Krzyzewski, the all-time winningest coach in men's Division I college basketball, is set to retire following the Blue Devils upcoming 2021-2022 season, according to a news release from the university.

"Coach K," as he is affectionately known, has led the men's program to five national championships in 41 seasons and won 1,170 games overall. Duke won its national championships under Krzyzewski in 1991, 1992, 2001, 2010 and 2015, according to the NCAA . Krzyzewski led the Blue Devils to 12 Final Fours, Duke's release said.

Krzyzewski coaches his team during the ACC Tournament in 2021. Duke missed the NCAA Tournament for the first time since 1995.

Krzyzewski coaches his team during the ACC Tournament in 2021. Duke missed the NCAA Tournament for the first time since 1995.

Krzyzewski directs his team as associate head coach Jon Scheyer shouts behind him in 2019. Krzyzewski has chosen Scheyer to become Duke's next head coach, according to Stadium's Jeff Goodman. Scheyer also played for Krzyzewski and was on the national title team in 2010.

Krzyzewski directs his team as associate head coach Jon Scheyer shouts behind him in 2019. Krzyzewski has chosen Scheyer to become Duke's next head coach, according to Stadium's Jeff Goodman. Scheyer also played for Krzyzewski and was on the national title team in 2010.

Duke fans hold up a cardboard cutout of Krzyzewski's face during a game in 2019.

Duke fans hold up a cardboard cutout of Krzyzewski's face during a game in 2019.

Krzyzewski coaches his team during a game in New York in 2015.

Krzyzewski coaches his team during a game in New York in 2015.

Krzyzewski jokes with President Barack Obama as the Blue Devils visited the White House after their 2015 title.

Krzyzewski jokes with President Barack Obama as the Blue Devils visited the White House after their 2015 title.

Krzyzewski sits courtside during the 2015 national title game against Wisconsin. The Blue Devils went on to win their fifth championship.

Krzyzewski sits courtside during the 2015 national title game against Wisconsin. The Blue Devils went on to win their fifth championship.

Duke fans cheer for Krzyzewski as he walks onto the floor at Cameron Indoor Stadium in 2015. It was the first home game since he won his 1,000th game as a head coach.

Duke fans cheer for Krzyzewski as he walks onto the floor at Cameron Indoor Stadium in 2015. It was the first home game since he won his 1,000th game as a head coach.

Krzyzewski and rapper Jay-Z join James in 2012 as Sports Illustrated presented James with the Sportsman of the Year award.

Krzyzewski and rapper Jay-Z join James in 2012 as Sports Illustrated presented James with the Sportsman of the Year award.

Krzyzewski and his wife, Mickie, watch as a new banner, celebrating his wins record, is unveiled at Cameron Indoor Stadium. On the left is former Duke athletic director Tom Butters, who hired Krzyzewski.

Krzyzewski and his wife, Mickie, watch as a new banner, celebrating his wins record, is unveiled at Cameron Indoor Stadium. On the left is former Duke athletic director Tom Butters, who hired Krzyzewski.

Krzyzewski and Knight embrace after Krzyzewski broke Knight's record for most Division I coaching wins in 2011. Knight was at the game serving as a television commentator.

Krzyzewski and Knight embrace after Krzyzewski broke Knight's record for most Division I coaching wins in 2011. Knight was at the game serving as a television commentator.

The Duke bench celebrates after the Blue Devils defeated Butler to win the national title in 2010.

The Duke bench celebrates after the Blue Devils defeated Butler to win the national title in 2010.

Krzyzewski watches a game from the bench in 2009. Over the years, he has hired many of his former players to be his assistant coaches.

Krzyzewski watches a game from the bench in 2009. Over the years, he has hired many of his former players to be his assistant coaches.

Krzyzewski wears numerous gold medals while celebrating the Olympic win with his team in 2008.

Krzyzewski wears numerous gold medals while celebrating the Olympic win with his team in 2008.

Krzyzewski coaches LeBron James, left, and Carmelo Anthony during a Team USA practice in 2008. The team went on to win Olympic gold that year in Beijing.

Krzyzewski coaches LeBron James, left, and Carmelo Anthony during a Team USA practice in 2008. The team went on to win Olympic gold that year in Beijing.

Krzyzewski greets North Carolina head coach Roy Williams before a game in 2007. Williams retired in April 2021 as head coach of the Tar Heels, Duke's archrival.

Krzyzewski shouts toward an official during a home game against North Carolina in 2005.

Krzyzewski shouts toward an official during a home game against North Carolina in 2005.

In 2001, Krzyzewski was inducted into the Basketball Hall of Fame. He was joined by his old coach Bob Knight, who introduced him during the ceremony. Other inductees that year were John Chaney, far left, and Moses Malone, second from right.

In 2001, Krzyzewski was inducted into the Basketball Hall of Fame. He was joined by his old coach Bob Knight, who introduced him during the ceremony. Other inductees that year were John Chaney, far left, and Moses Malone, second from right.

Krzyzewski celebrates with his daughters Jamie, left, and Lindy after Duke won its third national championship in 2001.

Krzyzewski celebrates with his daughters Jamie, left, and Lindy after Duke won its third national championship in 2001.

Krzyzewski speaks to Duke fans after the court at Cameron Indoor Stadium was named after him in 2000.

Krzyzewski speaks to Duke fans after the court at Cameron Indoor Stadium was named after him in 2000.

Krzyzewski and his longtime coaching rival, North Carolina's Dean Smith, chat before a game in 1994. Smith retired in 1997.

Krzyzewski and his longtime coaching rival, North Carolina's Dean Smith, chat before a game in 1994. Smith retired in 1997.

President George H.W. Bush welcomes Krzyzewski's team to the White House after their 1992 title.

President George H.W. Bush welcomes Krzyzewski's team to the White House after their 1992 title.

Krzyzewski hugs his star center, Christian Laettner, after Laettner's buzzer-beater over Kentucky put the Blue Devils in the 1992 Final Four. Duke went on to repeat as champions.

Krzyzewski hugs his star center, Christian Laettner, after Laettner's buzzer-beater over Kentucky put the Blue Devils in the 1992 Final Four. Duke went on to repeat as champions.

Krzyzewski and Duke celebrate after winning the NCAA Tournament final in 1991. It was sweet redemption for the Blue Devils, who were blown out in the national title game one year earlier.

Krzyzewski and Duke celebrate after winning the NCAA Tournament final in 1991. It was sweet redemption for the Blue Devils, who were blown out in the national title game one year earlier.

Krzyzewski coaches Billy King during the national title game against Louisville in 1986. Duke lost 72-69, but it would return to the Final Four in five of the next six seasons.

Krzyzewski coaches Billy King during the national title game against Louisville in 1986. Duke lost 72-69, but it would return to the Final Four in five of the next six seasons.

Krzyzewski speaks to the media after he was named Duke's head coach in 1980.

Krzyzewski speaks to the media after he was named Duke's head coach in 1980.

Krzyzewski and Knight coach Team USA together at the Pan American Games in 1979. At the time, Knight was the head coach of Indiana University. Krzyzewski was head coach at Army, his alma mater.

Krzyzewski and Knight coach Team USA together at the Pan American Games in 1979. At the time, Knight was the head coach of Indiana University. Krzyzewski was head coach at Army, his alma mater.

Krzyzewski poses with his Army head coach, Bob Knight, circa 1966. Decades later, Krzyzewski would eventually break Knight's record for most Division I coaching wins.

Krzyzewski poses with his Army head coach, Bob Knight, circa 1966. Decades later, Krzyzewski would eventually break Knight's record for most Division I coaching wins.

Mike Krzyzewski has coached the men's basketball team at Duke for 41 seasons. He's won nearly 1,200 games in his career as a head coach.

Mike Krzyzewski has coached the men's basketball team at Duke for 41 seasons. He's won nearly 1,200 games in his career as a head coach.

Krzyzewski said in a statement he and his family viewed the retirement announcement as a celebration. He is also "thankful and honored" to have led two college programs -- West Point and Duke -- along with the United States National Team as head basketball coach.

"Certainly, I have been blessed to coach some of the finest young men and greatest players in basketball history as a direct result of these unique opportunities," Krzyzewski said. "For us, there is no greater joy than being part of our players' respective endeavors through basketball, and more importantly, their lives off the court."

Krzyzewski has chosen Duke associate head coach and former Blue Devils player Jon Scheyer to become the school's next head coach, according to Stadium's Jeff Goodman.

A press conference for Scheyer and Krzyzewski are scheduled for Thursday, Duke's release states.

Krzyzewski served in the military prior to coaching

Krzyzewski was an Army officer between 1969 and 1972. He left the military as a captain, Duke's release says.

From there, he held a coaching position at the US Military Academy Prep School at Fort Belvoir, Virginia, for two years before landing a graduate assistant coaching position at Indiana University, the release said. He'd do this for another year before returning to his alma mater, West Point, in 1975 as a head coach.

Krzyzewski then took the reins as Duke head coach in 1980, according to the university.

While at Duke, Krzyzewski developed some of the biggest stars in the NBA , including Kyrie Irving, Jayson Tatum, Zion Williamson and Brandon Ingram.

Outside of Duke, Krzyzewski was also appointed head basketball coach of the United States National Team in 2005. Under his reign, Team USA won gold medals in the 2008, 2012 and 2016 Olympics, according to Duke's website.

Krzyzewski, who will turn 75 in February 2022, was inducted into the Naismith Basketball Hall of Fame in 2001.

"I can say without hesitation that Mike Krzyzewski is the greatest coach in the history of men's college basketball," said Duke President Vincent E. Price. "Mike, Mickie and the entire Krzyzewski family have been devoted to Duke for more than 40 years, and we are so grateful that relationship will continue for a long time to come."

Kevin White, Duke vice president and director of athletics, said in a statement Krzyzewski's legacy is "mindboggling."

"To suggest that Mike has more than earned the 'GOAT' mantle within the coaching community, both domestically and globally, is perhaps the greatest understatement of all time," White said. "Mike will long be best remembered, if not deeply respected and admired, for his unabashed love and utter devotion to his players."

Scheyer played for Krzyzewski between 2006 and 2010. He was also a captain on the 2010 national championship team. He has spent eight years on the Duke coaching staff and was promoted to associate head coach in 2018.

"Coach K has built the premier program in our sport thanks to his unwavering competitive edge, a tireless attention to detail, a family-first approach and a remarkable compassion and care of his players, coaches, and staff," Scheyer said. "He has set a standard that every coach at every level should strive to achieve."

Source: CNN

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