May 22, 2014, 6:08 PM EDT
In the aftermath of his leading UConn to the national title last month, head coach Kevin Ollie became an even more popular figure in NBA coaching circles. With his lengthy playing career and coaching acumen, the UConn alum’s name was bound to come up as franchises looked to fill their vacancies. However all along Ollie stated his desire to remain in Storrs, and on Thursday he and the school have officially come to an agreement on a new five-year contract.
The contract, which runs through the 2018-19 season, will eventually pay Ollie $3.2 million in the final year of the deal. Ollie’s salary in 2014-15 will be $2.8 million, making him the highest-paid coach in the American Athletic Conference and one of the top ten highest-paid coaches in America.
“I’m very pleased that we were able to agree to a new contract and that we’ll be able to continue to build upon the success we’ve had,” Ollie said in the release. “It’s a humbling experience to be around the UConn fans and the UConn family and to know that I am their basketball coach for the foreseeable future. I’m very proud of that. UConn is a place that I love and as I’ve told everyone throughout the season and through all the recent speculation, this is where my heart is. This is where I wanted to be.
“I’m very thankful to President Herbst and Warde Manuel for showing confidence in me and my coaching staff,” Ollie continued. “It’s the student-athletes who have sacrificed to uphold the standards we have set at UConn and done such a terrific job. I’m happy and excited to be able to continue to invest in their basketball careers and their lives.”
There are also incentives for reaching certain academic and athletic benchmarks, but the key for both sides are the buyouts should Ollie leave UConn for another job. Leaving the school for another job, be it college or professional, would cost Ollie $5 million after the 2014-15 season and $4 million after the 2015-16 campaign. But that’s where the similarities end.
Ollie leaving UConn for another college job following the 2016-17 season would result in a buyout of $3 million, with the cost being $2 million in each of the final two years of the contract. But if he were to make the jump to the NBA following any of the final three years of the contract, the buyout would be just $1 million.
The defending national champions will have to account for the loss of key players such as Shabazz Napier, Niels Giffey and DeAndre Daniels. But with Ryan Boatright leading a group that will include Amida Brimah, Rodney Purvis and Daniel Hamilton the Huskies won’t lack for talent.
Jul 25, 2014, 11:30 AM EDT
The Texas native isn’t happy some Texas schools pulled their scholarship offers.
Jul 25, 2014, 10:49 AM EDT
Two of the nation’s best big men were on the same court Thursday, with Zimmerman’s Oakland Soldiers getting the win.
Jul 25, 2014, 9:45 AM EDT
Hipsher worked with Watson from 2009-11, when he was associate head coach at Alabama and Watson a grad assistant.
Jul 25, 2014, 9:00 AM EDT
Despite the fact that Vujovic made it through the NCAA Eligibility Center, Monmouth has decided to not admit him.
Jul 24, 2014, 10:04 PM EDT
Eric McKnight’s waiver to play immediately was denied by the SEC.
Jul 24, 2014, 8:45 PM EDT
Groce is under .500 in Big Ten play in his two seasons at Illinois.
Jul 24, 2014, 8:34 PM EDT
Florida State will play five non-conference games against teams that reached the NCAA tournament last season.
Jul 24, 2014, 7:30 PM EDT
The four latest five-star recruits that Cal landed all showed off their Kentucky threads on instagram.
Jul 24, 2014, 6:45 PM EDT
Mostella has travelled a long road to get to Knoxville.
Jul 24, 2014, 5:30 PM EDT
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Jul 24, 2014, 4:15 PM EDT
Three true road games and a visit from the reigning champs?
Jul 24, 2014, 2:49 PM EDT
Thon Maker is a top five recruit in 2016 and would be a top two or three recruit in 2015.
Jul 24, 2014, 1:53 PM EDT
Hoiberg had surgery to replace his pacemaker last week.
Jul 24, 2014, 12:21 PM EDT
The events will be played in November and December
Jul 24, 2014, 11:55 AM EDT
Mykhailiuk is playing in the B Division of the event.
Jul 24, 2014, 9:30 AM EDT
The final open period has begun, with Corey Sanders and Jalen Brunson among the standouts.
Jul 23, 2014, 9:59 PM EDT
Perry’s been at USC Upstate since 2009, and among the players he’s helped recruit was former great Torrey Craig.
Jul 23, 2014, 8:00 PM EDT
Brown averaged 5.5 points per game and made 13 starts in 35 appearances for the Ragin’ Cajuns.
Jul 23, 2014, 6:30 PM EDT
Lindsay played his freshman season at Kansas
Jul 23, 2014, 5:00 PM EDT
Beasley has been one of the nations top performers over the last three months
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