I'm blessed and honored to be the coach at Creighton.....and am looking forward to many more great years in Omaha! #rolljays— Coach McDermott (@cucoachmac) June 8, 2017
Multiple sources told ESPN's Jeff Goodman that McDermott had been offered the Buckeyes job following a meeting Wednesday night.
McDermott, 52, has spent the past seven years in Omaha, Nebraska, where he has taken the Bluejays to the NCAA tournament four times. He also spent four seasons at Iowa State and five at Northern Iowa.
"I have been privileged to be the Athletic Director at Creighton University for the past 23 years, and in those years we have had only two men's basketball coaches," Creighton director of athletics Bruce Rasmussen said in a statement. "Dana Altman and Greg McDermott are outstanding coaches who recruit, retain, develop and graduate young men who also have properly represented the mission of Creighton University. I am thankful for the time and friendship I have shared with both of them, and look forward to many more years with Coach McDermott at Creighton."
Creighton finished 25-10 last season and lost in the first round of the NCAA tournament to Rhode Island. The Bluejays have been in the Big East for the past four seasons.
Ohio State is looking to replace Thad Matta, who was forced out this week after 13 seasons with the Buckeyes.
Butler coach Chris Holtmann emerged Thursday as the frontrunner to replace Matta, sources told Goodman.