Kevin Ollie Signs New Deal With UConn

THURSDAY, 4:59pm: The coach has signed a deal that runs through 2018/19 and calls for average annual salaries of $3MM, the school announced. He’d have to pay the university $5MM to jump to the NBA for next season, $4MM in 2015/16, and $1MM in each subsequent season covered under the contract.

TUESDAY, 11:23am: Ollie and UConn are close to a deal but have yet to reach agreement, as Mark Medina of the Los Angeles Daily News hears, tapping the brakes on Wojnarowski’s report from Monday (Twitter link).

MONDAY, 4:44pm: Coach Kevin Ollie has committed to stay with the UConn Huskies, agreeing to a contract extension that will pay him $3MM per year, sources tell Adrian Wojnarowski of Yahoo Sports (via Twitter).  Gery Woelfel of the Racine Journal Times (on Twitter) first reported that the two sides appeared to be nearing agreement.

Ollie was reportedly in the mix for multiple NBA openings and UConn knew that they’d have to pay big bucks to keep the man who led them to the 2014 National Championship.  The Lakers, however, never made a formal inquiry regarding Ollie, Wojnarowski writes, adding that the Cavs were the team most aggressive in pursuing Ollie.

Aside from Ollie’s success in a short time at UConn, the coach appealed to some teams based on his relationship with Kevin Durant. Durant will be the most highly sought after free agent in a couple years, and some thought that a team might preemptively hire Ollie as a draw for the MVP. Ollie, who was reportedly looking for a contract greater than Steve Kerr‘s five-year, $25MM deal from interested NBA teams, maintained that it wouldn’t be easy to lure him away from Connecticut, and that turned out to be the case.

Cray Allred contributed to this post. 

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