Kevin Ollie reaches contract extension with UConn, per report

Jamie Squire

Kevin Ollie wasn't ready to make the jump to the NBA just yet. UConn is bringing back its head coach after reaching an agreement on a significant contract extension, according to a report.

Kevin Ollie is rejecting the NBA to stay in college. The coach who just led the UConn Huskies to the national championship in only his second season has agreed to a contract extension that will pay him $3 million annually to stay in Storrs, according to Adrian Wojnarowski of Yahoo! Sports.

Ollie had been mentioned as one of many candidates for the Los Angeles Lakers head coaching position, but he wasn't moving to the NBA without a hefty raise. Ollie, who made about $1.4 million under his previous contract with UConn, reportedly wanted more money than what Steve Kerr recently received from the Golden State Warriors. Kerr agreed to a five-year, $25 million contract with the Warriors without any previous coaching experience last week. The Lakers never made a formal inquiry to interview Ollie, according to Wojnarowski.

Ollie is losing his best player, guard Shabazz Napier, and forward DeAndre Daniels from last year's national championship team, but UConn still brings back what should be a dynamic roster. Guard Ryan Boatright will be a senior after a breakout performance in the NCAA Tournament. The Huskies are also adding guard Rodney Purvis, who sat out last season after transferring from N.C. State. Phillip Nolan, a 6'10 forward who will be a junior next season, and 7-foot center Amida Brimah are expected to lock down the frontcourt positions.

Update: The numbers are in. Ollie gets a five-year contract worth $2.8 million per year. Incentives kick it up to $3 million per year.

More from SBNation.com

SB Nation Featured Video
X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.