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.
Aug 1, 2015, 7:59 PM EDT
Childs played well with the Utah Prospects in Las Vegas during the final evaluation period.
Aug 1, 2015, 6:39 PM EDT
Indiana, Kentucky and St. John’s are among the ten, as many expected.
Aug 1, 2015, 5:27 PM EDT
SMU will be the headliner for this event, with the semifinals scheduled for December 22 and the third place and title games the following night.
Aug 1, 2015, 3:20 PM EDT
Former Texas A&M guard Peyton Allen is now a Shocker.
Aug 1, 2015, 1:30 PM EDT
Iowa is hoping for improvement from a sophomore forward who showed promise this summer.
Aug 1, 2015, 11:30 AM EDT
This Wisconsin rap battle is starting to spread.
Aug 1, 2015, 10:00 AM EDT
There will be 39 college counselors playing at adidas Nations this weekend.
Aug 1, 2015, 8:52 AM EDT
Is this an addition for depth, or should Kentucky be concerned about another center?
Aug 1, 2015, 8:44 AM EDT
Kentucky continues to add international pieces to its latest recruiting class.
Jul 31, 2015, 10:00 PM EDT
Markelle Fultz was one of the best players during the July live evaluation period.
Jul 31, 2015, 8:45 PM EDT
Duke gets a huge official visit in late August from a five-star guard.
Jul 31, 2015, 7:15 PM EDT
LaMelo Ball, a 13-year-old guard, committed to UCLA like his two older brothers.
Jul 31, 2015, 5:45 PM EDT
Michigan State sophomore guard Javon Bess will try to stay healthy and in the rotation next season.
Jul 31, 2015, 4:15 PM EDT
Both are perimeter players, giving the Spiders additional depth moving forward.
Jul 31, 2015, 3:30 PM EDT
McLaughlin de-committed from Washington in mid-May, but the Huskies remain in the mix.
Jul 31, 2015, 1:30 PM EDT
The injunction would have allowed current and future players to be compensated for the uses of their names, images and likenesses.
Jul 31, 2015, 12:03 PM EDT
The two programs are ranked first and third, respectively, on the NCAA all-time wins list.
Jul 31, 2015, 11:07 AM EDT
Louisville, NC State, St. John’s and West Virginia remain in the running for his pledge.
Jul 30, 2015, 8:15 PM EDT
Powell’s recruiting profile has risen thanks to the way he’s played throughout the summer.
Jul 30, 2015, 6:56 PM EDT
With Jarrod Uthoff and Adam Woodbury being seniors, having two front court commits in 2016 is good news for the Hawkeyes.
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