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.
May 29, 2015, 5:30 PM EDT
Duke is getting another Parade National Player of the Year.
May 29, 2015, 4:03 PM EDT
With Fred Hoiberg being tabbed the frontrunner for the Bulls job, Hornacek’s name has come up as a possible replacement in Ames.
May 29, 2015, 2:44 PM EDT
Jones will undergo surgery June 1 in Baltimore.
May 29, 2015, 2:01 PM EDT
The last time these two teams met at a neutral site was back in 1992.
May 29, 2015, 12:54 PM EDT
Kansas also has plans to host former Providence center Paschal Chukwu in early June.
May 29, 2015, 9:36 AM EDT
Dai-Jon Parker played this past season at the University of Indianapolis.
May 28, 2015, 9:02 PM EDT
Fred Hoiberg’s status has impacted recruiting in multiple cases for Iowa State this spring.
May 28, 2015, 7:43 PM EDT
Big 12 tournaments held at the Sprint Center have averaged more than 18,000 fans per session.
May 28, 2015, 6:41 PM EDT
Each team will have three “permanent” opponents they’re guaranteed to play twice every season.
May 28, 2015, 5:46 PM EDT
Video surfaced showing that Alie-Cox wasn’t involved in the incident, contradicting a woman’s claim that he punched her in the face.
May 28, 2015, 4:04 PM EDT
UConn’s now added three transfers to the program this spring, two of whom will be eligible immediately as graduate students.
May 28, 2015, 3:24 PM EDT
Foster led Clemson to their only Elite 8 appearance in program history.
May 28, 2015, 2:07 PM EDT
Paige went to high school an hour from UNI’s campus.
May 28, 2015, 1:15 PM EDT
Iowa State fans shouldn’t freak out too much.
May 28, 2015, 12:24 PM EDT
Dellavedova was a star with the Gaels before he became this year’s NBA Playoff star.
May 28, 2015, 10:47 AM EDT
Byers created the term “student-athlete” and first sold TV rights for NCAA broadcasts, but later wrote a book blasting the NCAA for exploiting athletes.
May 28, 2015, 9:52 AM EDT
This is a step in the right direction by the Big 12.
May 27, 2015, 11:27 PM EDT
It’s safe to say that Sherman is no fan of the NCAA.
May 27, 2015, 9:05 PM EDT
The shot clock won’t have as much of an impact on offenses as lessening the physicality of the game.
May 27, 2015, 7:31 PM EDT
The 6-foot-11 center was originally expected to attend prep school before joining Memphis in 2016.
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- Frank Kaminsky writes a farewell letter to Wisconsin fans (5)