Skip to content

UConn, head coach Kevin Ollie announce new five-year agreement

May 22, 2014, 6:08 PM EDT

Kevin Ollie AP

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.

Latest Posts
  1. Tom Izzo performs with KISS cover band on stage at Michigan State’s Midnight Madness (VIDEO)

    Oct 24, 2014, 10:55 PM EDT

    tom izzo

    Tom Izzo does it again. Add it to the long line of amazing midnight madness entrances.

  2. Chris Mack and his daughters performed ‘Paul Revere’ by the Beastie Boys (PHOTO/VIDEO)

    Oct 24, 2014, 10:24 PM EDT

    Instagram/XU Athletics Instagram/XU Athletics

    Chris Mack and his daughters performed ‘Paul Revere’ at Musketeer Madness on Friday night.

  3. Wisconsin’s Sam Dekker injured at practice on Friday

    Oct 24, 2014, 8:05 PM EDT

    AP AP

    The Wisconsin forward is likely to miss a week or two

  4. Providence freshman forward, a top 100 recruit, is cleared to play this season

    Oct 24, 2014, 7:30 PM EDT

    Ed Cooley Ed Cooley

    Ed Cooley adds a 6-foot-8 forward to the Friars’ front court.

  5. Larry Brown talks about Ben Emelogu’s wavier to play this season (VIDEO)

    Oct 24, 2014, 6:45 PM EDT

    AP Photo AP

    The former Virginia Tech Hokie will be a big boost to SMU’s perimeter.

  6. Manhattan’s returnees look to build on the achievements of last season’s senior class

    Oct 24, 2014, 6:00 PM EDT

    Emmy Andujar and Shane Richards will be key players for Manhattan. (AP Photo) AP

    Manhattan and head coach Steve Masiello had some issues to address this spring, but thanks in part to their departed senior class the Jaspers are well-positioned to once again contend in the MAAC.

  7. Five-star 2015 power forward down to five schools

    Oct 24, 2014, 5:05 PM EDT

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznpti1yzy1ymy3ytizody1zwrhyzfhmme2odcxyjawntbi AP

    One of the nation’s highly-touted bigs is closer to making a decision after eliminating two programs from his list.

  8. LSU’s Johnny Jones receives raise, contract extension

    Oct 24, 2014, 4:22 PM EDT

    Johnny Jones AP

    Jones became the second coach to lead LSU to postseason appearances in his first two years this past spring.

  9. 2014-15 Season Preview: Rivals Iona, Manhattan have company in race to the top of the MAAC

    Oct 24, 2014, 3:00 PM EDT

    Manhattan's Steve Masiello (AP Photo) Manhattan's Steve Masiello (AP Photo)

    Rivals Iona and Manhattan are once again among the contenders, but they’ll have plenty of company in the race for the MAAC crown.

  10. UMass rewards Derek Kellogg with contract extension through 2018-19 season

    Oct 24, 2014, 1:52 PM EDT

    AP AP

    Kellogg’s led his alma mater to 21 wins or more in each of the last three seasons.

  11. Former Big East foes announce home-and-home series

    Oct 24, 2014, 12:39 PM EDT

    John Thompson III AP

    Georgetown holds a 35-29 lead in their all-time series with UConn.

  12. Top 25 Countdown: No. 11 Villanova Wildcats

    Oct 24, 2014, 12:30 PM EDT

    Getty Images Getty Images

    Villanova went 29-5 last season and return essentially the same lineup. Why aren’t more people talking about them?

  13. Four-star shooting guard verbally commits to Texas

    Oct 24, 2014, 12:13 PM EDT

    Rick Barnes AP

    Texas now has two four-star commitments, with Kerwin Roach joining Eric Davis on Friday.

  14. Three-star guard becomes Baylor’s fifth 2015 commitment

    Oct 24, 2014, 10:00 AM EDT

    Scott Drew AP

    Of Baylor’s five verbal commitments in the Class of 2015 four are guards, including their latest commit.

  15. Syracuse, NCAA Committee on Infractions meeting set for October 30-31

    Oct 24, 2014, 12:06 AM EDT

    Jim Boeheim AP

    Syracuse’s men’s basketball and football programs are under investigation, with the stakes being higher for Jim Boeheim’s program.

  16. Georgetown’s senior center looking to rebound from ‘embarrassing’ 2013-14 season

    Oct 23, 2014, 11:20 PM EDT

    Moses Ayegba, Joshua Smith Moses Ayegba, Joshua Smith

    Joshua Smith averaged 11.5 points per game before being ruled academically ineligible last season.

  17. Cameron Payne didn’t expect to fill Isaiah Canaan’s void at Murray State, but he did

    Oct 23, 2014, 10:49 PM EDT

    Cameron Payne (AP Photo) Cameron Payne (AP Photo)

    Cam Payne became the star of Murray State as a freshman, but he wouldn’t have gotten there if he had a back up. Why?

  18. VCU announces addition of 17-year old Morgan Vega to basketball program (VIDEO)

    Oct 23, 2014, 9:53 PM EDT

    Shaka Smart Shaka Smart

    The preseason favorites to win the Atlantic 10 added a new teammate Thursday.

  19. Junior guard decides to leave Charlotte program

    Oct 23, 2014, 8:03 PM EDT

    Demetrius Pollard, Shawn Lester Demetrius Pollard, Shawn Lester

    Shawn Lester averaged 11.9 points and 4.2 rebounds per game in the sixth man role last season.