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. New mixtape of 2016 guard Kwe Parker is ridiculous (VIDEO)

    Sep 1, 2014, 9:45 PM EDT

    (Nike) (Nike)

    Kwe Parker is one of the best dunkers in all of basketball and he shows why in this new mixtape.

  2. Report: Arizona State gives Herb Sendek a contract extension

    Sep 1, 2014, 8:20 PM EDT

    Herb Sendek AP

    Arizona State has given head coach Herb Sendek an extension.

  3. East Carolina nabs a local 2015 wing

    Sep 1, 2014, 6:55 PM EDT

    jeff lebo Getty Images

    East Carolina is on the board in 2015.

  4. Five-star 2015 forward cuts his list to five schools

    Sep 1, 2014, 5:28 PM EDT

    (adidas Gauntlet) (adidas Gauntlet)

    A five-star 2015 forward cut his list to five schools on Monday.

  5. Indiana freshman is currently in a walking boot

    Sep 1, 2014, 4:20 PM EDT

    Tom Crean AP

    Indiana will have to remain patient with a freshman that is currently battling an ankle injury.

  6. Assembly Hall as a groom’s cake? Why not! (PHOTO)

    Sep 1, 2014, 2:20 PM EDT

    @Kschack1 @Kschack1

    You need a very understanding wife to get away with this.

  7. Tennessee adds second commitment in two days with three-star guard

    Sep 1, 2014, 2:20 PM EDT

    Murray St Morehead St Basketball

    Tennessee has one scholarship left available for 2015.

  8. Top talent in 2016 announces a top ten

    Sep 1, 2014, 12:54 PM EDT

    Nike Nike

    Find out why Saint Louis and Missouri are on the list along with the likes of Arizona, Kentucky, Duke and Kansas.

  9. Tom Izzo calls PGA Tour caddie after wife passes away

    Sep 1, 2014, 12:30 PM EDT

    Tom Izzo Tom Izzo

    Izzo spoke on the phone with the caddie for 15 minutes.

  10. Mixtape for top 50 center Marques Bolden (VIDEO)

    Sep 1, 2014, 11:39 AM EDT

    Screen Shot 2014-09-01 at 11.38.38 AM

    Bolden is a 6-foot-9 center from Texas

  11. Ohio senior forward contributes to Senegal’s first FIBA worlds victory since 1998

    Aug 31, 2014, 11:43 PM EDT

    Maurice Ndour AP

    The second team All-MAC selection scored eight points in Senegal’s win over Puerto Rico.

  12. In-state forward becomes Kansas State’s second commitment in four days

    Aug 31, 2014, 10:25 PM EDT

    Bruce Weber AP

    Bruce Weber now has three verbal commitments in the Class of 2015.

  13. Nebraska lands commitment from four-star point guard

    Aug 31, 2014, 9:05 PM EDT

    Tim Miles AP

    5-foot-11 point guard Glynn Watson becomes Nebraska’s second 2015 commitment.

  14. Five-star 2015 small forward cuts list to six schools

    Aug 31, 2014, 8:02 PM EDT

    Kelly Kline/adidas Kelly Kline/adidas

    Slender forward Brandon Ingram is one of the best perimeter prospects in the Class of 2015.

  15. Illinois native becomes Tennessee’s first 2015 commitment

    Aug 31, 2014, 6:20 PM EDT

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznpte3owi1njbhnjg0mtc2yjbkzdgzmdzhnzm2mtbjytc1 AP

    Tennessee is on the board in 2015 due to the addition of a versatile 6-foot-5 forward.

  16. North Carolina accepts their head coach’s challenge (VIDEO)

    Aug 31, 2014, 5:23 PM EDT

    Marcus Paige AP

    Roy Williams challenged his players in the Bahamas, and the accepted it on Saturday afternoon.

  17. Malik Newman to narrow list soon, won’t announce until after season

    Aug 31, 2014, 3:39 PM EDT

    Malik Newman (Getty Images) Getty Images

    Malik Newman is the No. 3 overall recruit, according to Rivals.

  18. Twin brothers commit to Quinnipiac

    Aug 31, 2014, 1:35 PM EDT

    Quinnipiac Athletics Quinnipiac Athletics

    The Robinson brothers are the first two commits in Quinnipiac’s Class of 2015.

  19. Four-star guard New Williams commits to Bruce Pearl and Auburn

    Aug 31, 2014, 10:17 AM EDT

    AP Photo AP

    Bruce Pearl has landed five commitments in 10 days.