Source: Ollie, UConn close on deal

While a Yahoo Sports  Monday night said Kevin Ollie will remain at UConn after agreeing to a contract extension for $3 million annually – which could be worth up to $15 million over five years – a source with knowledge of the negotiations said things were close, but not finished on a new deal.

UConn athletic director Warde Manuel did not return a request for comment about the extension, and an UConn spokesman said he was not aware a deal had been completed.

Since the Huskies’ season ended April 7 with a win over Kentucky in the national championship game in Arlington, Texas, Ollie has said he would listen if the NBA called, but maintained his love for UConn.

“I love this university,” said Ollie last Wednesday at the New York Athletic Club where he received the Winged Foot Award, an honor bestowed annually to the coach of the national champions. “I am not looking for another job. Of course, you listen to different things. I got two ears, I’m going to listen, but I’m not running out their soliciting any other job. I want to be here at the University of Connecticut.”

Ollie, 41, just completed his second season as the head coach of the Huskies. After retiring from the NBA in 2010 following 13 seasons, Ollie served as an assistant on Jim Calhoun’s staff for two years. He replaced the Hall of Fame coach in September 2012, working under a seven-month contract that was replaced by a five-year, $7 million deal in December 2012.

Ollie reportedly made between $1.4 and 1.6 million this past season.



William Paxton