According to Yahoo Sports, Kevin Ollie has reached agreement on a $3 million annual contract extension to keep the highly regarded coach in Storrs for years to come. Terms of the deal are not yet available, but it has been rumored to be at least a 5 year deal. Currently, Ollie has 4 years left on a 5 year, $7.5 million contract, a contract that has been under discussion since UCONN’s National Championship victory. Since April, Ollie has been tied to numerous NBA vacancies – with the Cleveland Cavaliers emerging most recently along with the Lakers/Knicks – keeping UCONN country on edge throughout the process. Ollie’s newly restructured contract, while double his previous deal, is still $10 million less than the $25 million Steve Kerr received from the Golden State Warriors. Many saw Kerr’s deal as a baseline for Ollie – as both he and Kerr are first time head coaches – with Ollie potentially procuring more money due to his recent success. As I said in an earlier post, Ollie was drawn back to Connecticut for incentives other than money, now, we have $10 million reasons as proof. Don’t be surprised if this is his last contract at UCONN, but hey, we’ve got him now and you don’t. Look for Ollie to continue his success at the college level.
The only question that remains, where will they put Olliewood Boulevard?