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.
Oct 21, 2014, 11:00 PM EDT
Stanford’s back court depth took a hit this week.
Oct 21, 2014, 9:45 PM EDT
Suspensions have been handed down for two James Madison players involved in a fall altercation.
Oct 21, 2014, 8:38 PM EDT
Nebraska has been recruiting the state of Illinois very hard and it paid off with a 2016 commitment.
Oct 21, 2014, 8:15 PM EDT
Kansas State has taken a hit to its front court depth this week.
Oct 21, 2014, 7:15 PM EDT
Florida’s backcourt depth received a big boost this week.
Oct 21, 2014, 6:15 PM EDT
Georgia State loses Kevin Ware with a high ankle sprain.
Oct 21, 2014, 6:00 PM EDT
American went from ninth in the Patriot League preseason polls to a No. 15 seed in the 2014 NCAA Tournament. Safe to say, the Eagles will be viewed much differently this time around with four returning starters.
Oct 21, 2014, 5:15 PM EDT
Wyoming becomes a contender in the Mountain West Conference with the return of senior forward Larry Nance Jr.
Oct 21, 2014, 4:15 PM EDT
Clemson added a junior college post that could come in and make an immediate impact.
Oct 21, 2014, 3:06 PM EDT
The Aggies now have one of the best recruiting classes in the country.
Oct 21, 2014, 3:00 PM EDT
American was the surprise team in the Patriot League a season ago. Can they repeat as league champs?
Oct 21, 2014, 2:00 PM EDT
No surprise that Murray State and Belmont are expected to be at the top of the league.
Oct 21, 2014, 1:00 PM EDT
L.J. Rose is expected to return around Christmas.
Oct 21, 2014, 12:00 PM EDT
The Gators are good enough to win the SEC. They have enough question marks to finish outside the top 25 as well.
Oct 21, 2014, 10:08 AM EDT
That fan looks like he’s enjoying things.
Oct 21, 2014, 9:00 AM EDT
These are the players to keep an eye on if you like seeing aerial acrobatics.
Oct 20, 2014, 11:00 PM EDT
Kansas State is losing a redshirt freshman to transfer.
Oct 20, 2014, 10:00 PM EDT
Virginia got a very skilled guard in the 2016 class.
Oct 20, 2014, 9:15 PM EDT
Florida landed an in-state Class of 2015 wing to make it a four-man class.
Oct 20, 2014, 9:00 PM EDT
Memphis found a 2016 guard to join center Nick Marshall in the recruiting class.
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