The University of Tennessee will be honoring legendary coach Pat Summitt by dedicating a plaza to her name and placing a statue of her created by famous artist and sculptor David Adickes.

The university announced this week that the ceremony to honor Summitt will take place Nov. 22 and will be open to the general public. According to the school's website, more than 500 people provided donations for the project.

Summitt has won more games than any coach in the history of men's or women's NCAA basketball. She had a 1098-208 record as coach and won eight NCAA championships during her tenure. All 122 of her players that completed eligibility at the University of Tennessee graduated.

The coach signed a one-year contract in May to become Head Coach Emeritus after her Alzheimer's disease drove her to step down. When she was first diagnosed in 2011, she issued a statement to the team saying that she would continue to coach for the time being.

"Obviously, I realize I may have some limitations with this condition since there will be some good days and some bad days," she said at the time. "For that reason, I will be relying on my outstanding coaching staff like never before."

Her new contract will pay her $85,000 as opposed to the $354,375 she was being paid before.

"I'm excited about staying involved with the Lady Vol basketball program and also continuing my work with the Pat Summitt Foundation," Summitt said in a statement. "I look forward to spending time with Holly, our staff and players and contributing whenever I can."