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.
Sep 20, 2014, 2:00 PM EDT
Gonzaga has one of its deepest teams of all time and the Bulldogs are challenging themselves with a difficult non-conference schedule.
Sep 20, 2014, 12:45 PM EDT
Bradley forward Auston Barnes has been charged with misdemeanor domestic battery following an August arrest.
Sep 20, 2014, 11:30 AM EDT
Pitt and head coach Jamie Dixon no longer hold a commitment from a former 2016 recruit.
Sep 20, 2014, 10:15 AM EDT
A three-star forward has four schools that are heavily involved.
Sep 20, 2014, 9:00 AM EDT
Matt McQuaid can really light it up from the perimeter.
Sep 19, 2014, 11:50 PM EDT
Stephen Zimmerman is ranked the No. 10 overall recruit by Rivals.
Sep 19, 2014, 11:00 PM EDT
Kentucky fans camped out on Monday in order to officially camp out for tickets on Wednesday morning.
Sep 19, 2014, 9:45 PM EDT
The Rhode Island forward is eligible after missing the 2013-2014 season.
Sep 19, 2014, 9:00 PM EDT
The 6-foot-8 forward has two years of eligibility remaining.
Sep 19, 2014, 8:15 PM EDT
He was arrested on Feb. 14.
Sep 19, 2014, 7:00 PM EDT
The Yellow Jackets have added two new assistant to the coaching staff this offseason.
Sep 19, 2014, 5:25 PM EDT
The Orange holds the first of two exhibition games on Nov. 2.
Sep 19, 2014, 4:08 PM EDT
The Roselle Catholic (New Jersey) product picked the Gamecocks over Seton Hall and Rhode Island.
Sep 19, 2014, 2:46 PM EDT
Interestingly enough, UAB visits Chattanooga December 22.
Sep 19, 2014, 2:30 PM EDT
News and notes from around the world of college basketball recruiting.
Sep 19, 2014, 12:46 PM EDT
Thought the recent debate about USA Basketball and advantages gained by college coaches was getting tiresome?
Sep 19, 2014, 12:00 PM EDT
Fortune Magazine has the Krzyzewski and Staley ranked 20th (along with San Antonio Spurs head coach Gregg Popovich) on the list.
Sep 19, 2014, 10:55 AM EDT
The NCAA is hoping to have two lawsuits dismissed, with the plaintiffs in those suits arguing otherwise. And three U.S. senators voiced their displeasure with the lack of progress being made by the NCAA.
Sep 19, 2014, 9:44 AM EDT
Lorenzo Romar spoke positively of Robert Upshaw’s progress, and with the Huskies’ lack of interior depth the Fresno State transfer will be a key figure this season.
Sep 18, 2014, 10:15 PM EDT
Among the schools still in the running for this Top 100 prospect’s services is LSU.
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