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.
Mar 29, 2015, 12:50 AM EDT
ACC teams went 2-1 Friday night, with Louisville’s win over NC State being the league’s lone defeat.
Mar 28, 2015, 11:07 PM EDT
The Wildcats knocked off a tough Notre Dame team.
Mar 28, 2015, 8:35 PM EDT
Dekker scored 20 of his 27 points in the second half at Wisconsin beat Arizona in the Elite Eight for the second straight year.
Mar 28, 2015, 8:34 PM EDT
Frank got a little funky after Wisconsin’s win over Arizona.
Mar 28, 2015, 8:27 PM EDT
This is too funny.
Mar 28, 2015, 6:05 PM EDT
Barnes coached at Texas for 17 seasons.
Mar 28, 2015, 5:32 PM EDT
So Andrew Harrison was a grown man in middle school?
Arrests made as Michigan State fans gather, set fires near off-campus apartments after Sweet 16 win (VIDEO)
Mar 28, 2015, 3:45 PM EDT
Some Michigan State students got a little too rowdy following a win over Oklahoma.
Mar 28, 2015, 1:48 PM EDT
The Citadel hired away the head coach of a Southern Conference rival.
Houston Rockets GM Daryl Morey on college hoops: ‘It’s absolute torture watching some of these games’ (AUDIO)
Mar 28, 2015, 1:00 PM EDT
Houston Rockets general manager Daryl Morey had some strong words on the current state of college basketball.
Mar 28, 2015, 12:17 PM EDT
Frank Kaminsky’s path to stardom may not follow that of last year’s national Player of the Year winner, Doug McDermott, but it’s one that many players hope to navigate during their own time in school.
Tom Izzo blames himself, new Will Ferrell/Kevin Hart movie on Michigan State’s sluggish Sweet 16 start
Mar 28, 2015, 10:55 AM EDT
Michigan State might have been the only people in the country watching “Get Hard” on Friday afternoon.
Former oddsmaker believes Kentucky would be underdog against all-time great college basketball teams
Mar 28, 2015, 9:40 AM EDT
Kentucky might finish the 2014-15 season unblemished, but how do they stack up against some of the best teams in college basketball history?
Mar 28, 2015, 12:52 AM EDT
Get caught up on all of Friday’s NCAA tournament action.
Mar 28, 2015, 12:27 AM EDT
The schedule for Sunday’s Elite 8 games.
Mar 28, 2015, 12:23 AM EDT
Second straight Elite 8 appearance for Tom Izzo and Co.
Mar 28, 2015, 12:08 AM EDT
No. 1 Duke advanced to the Elite 8 with a win in the South Regional over No. 5 Utah.
Mar 27, 2015, 11:31 PM EDT
This is a pretty nice move from Amile Jefferson.
Mar 27, 2015, 9:58 PM EDT
Wardle spent five seasons as coach at Green Bay.
Mar 27, 2015, 9:47 PM EDT
Will play the winner of Michigan State-Oklahoma.
- Andrew Harrison’s late free throws send No. 1 Kentucky to the Final Four 31
- Sam Dekker, Frank Kaminsky catch fire as No. 1 Wisconsin beats No. 2 Arizona 7
- Rick Barnes is no longer the head coach at Texas 10
- Frank Kaminsky’s growth results in individual and team benefits for No. 1 Wisconsin 3
- Tourney Snacks: Duke-Gonzaga, Louisville-Michigan State advance to Elite 8 11
- No. 1 Duke advances to Elite 8 with win over No. 5 Utah 2
- No. 2 Gonzaga gets past No. 11 UCLA to advance to Elite 8 2
- Andrew Harrison’s late free throws send No. 1 Kentucky to the Final Four (42)
- Kentucky’s John Calipari is the National Coach of the Year, and it’s not close (36)
- Kentucky responds to Daxter Miles Jr.’s pregame comments (30)
- Updated tournament records: Big Ten, SEC champions headed to Indy (25)
- West Virginia freshman on Kentucky: ‘They’re going to be 36-1′ (20)