North Carolina basketball coach Dean Smith, who has led the Tar Heels for 28 years, has squelched rumors that he plans to retire soon.

Smith, reached Tuesday at an NCAA meeting in Kansas City, Mo., rebuffed rumors that surfaced in a recent Sports Illustrated story."There's absolutely no truth to it," Smith told The News and Observer of Raleigh. "I'm flabbergasted this has come up. "There's no truth to it at all. I plan to coach next season and beyond next season."