May 22, 2014, 6:08 PM EST
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.
Mar 6, 2015, 1:34 AM EST
All of the bubble winners and losers from Thursday.
Mar 5, 2015, 10:23 PM EST
No. 6 Wisconsin is the outright Big Ten champion, and Delaware State’s Kendall Gray went off for 33 points and 30 rebounds.
Mar 5, 2015, 8:34 PM EST
With the NBA and NBPA having different views on the limit, college basketball can only wait and see what happens.
Mar 5, 2015, 7:36 PM EST
The only sure thing at this point is that Perry Ellis won’t be on the floor when the Jayhawks visit No. 15 Oklahoma Saturday.
Mar 5, 2015, 6:44 PM EST
DVSport will handle the video replay technology, with Precision Timing Systems handling the timekeeping.
Mar 5, 2015, 5:38 PM EST
Patrick McCaw has been one of UNLV’s most consistent players this season, but he’ll have to miss Saturday’s game at San Jose State.
Mar 5, 2015, 4:56 PM EST
This situation seems certain to end up in a mess.
Mar 5, 2015, 4:13 PM EST
Both Wisconsin and No. 5 Arizona can wrap up outright conference titles with wins Thursday night.
Mar 5, 2015, 3:45 PM EST
I don’t think any Indiana fans are listening at this point.
Mar 5, 2015, 3:14 PM EST
Man, this is a serious blow.
Mar 5, 2015, 2:31 PM EST
After winning yet another regular season title, Gonzaga looks to win its third consecutive WCC tournament crown.
Mar 5, 2015, 2:05 PM EST
I’ve been asked the question enough. Here are the answers.
Mar 5, 2015, 2:00 PM EST
The CAA will be the nations most wide-open conference tournament.
Mar 5, 2015, 12:00 PM EST
Can Wofford reach their second straight NCAA tournament?
Mar 5, 2015, 10:57 AM EST
Josh Speidel is still in the hospital as he deals with a serious brain injury stemming from a car accident last month.
Mar 5, 2015, 10:23 AM EST
This is nasty.
Mar 5, 2015, 9:51 AM EST
The catch: None of them were actually seniors.
Mar 5, 2015, 8:53 AM EST
These eight teams can steal an automatic bid in conferences that will get at-large bids.
Mar 5, 2015, 1:22 AM EST
Neither the Panthers nor the Tigers did themselves any favors Wednesday night, with Pittsburgh’s home loss being the costlier of the two defeats.
Mar 4, 2015, 11:59 PM EST
All of Wednesday’s relevant bubble info can be found right here.
- Bubble Banter: Davidson with a big win, Stanford in trouble, and … VCU? 0
- Justin Anderson out this weekend after undergoing appendectomy 0
- West Coast Conference Tournament Preview and Postseason Awards 0
- Film Session: Who can actually beat Kentucky and why 0
- Potential NCAA tournament bid thieves bubble teams should be rooting against 2
- Bubble Banter: Why LSU losing is bad news for Texas A&M 2
- Bonzie Colson continues hot streak as No. 12 Notre Dame wins at No. 16 Louisville 2
- College Basketball Talk’s Latest Top 25: How far will Wisconsin and Gonzaga fall? (26)
- You Make the Call: Was Texas guard Isaiah Taylor fouled on this drive? (16)
- Mike Krzyzewski refuses comment on Rasheed Sulaimon sexual assault allegations (11)
- Bracketology: Villanova takes ahold of the fourth No. 1 seed (9)
- Bracketology: Kentucky reigns and March arrives (8)