Mansfield, CT, United States (4E Sports) – Reigning national basketball champion UConn gave coach Kevin Ollie a new five-year contract worth up to $3.2 million per season.
The contract provides a pay of $2.8 million with a retention clause that pushes its value if Ollie remains throughout.
The new deal more than doubles Ollie’s salary of $1.25 million last season.
“My heart is here at UConn,” said Ollie. “I want to stay invested in the student-athletes’ lives on and off the court.”
Originally given a seven-month contract when he replaced Hall of Fame coach Jim Calhoun in September 2012, Ollie was later given a five-year contract worth an estimated $7.5 million.
He went 20-10 his first season and led the Huskies to the national title in his second season, finishing 32-8.
Since winning the NCAA Tournament on April 7, Ollie has said he did not want to go back to the NBA at this point in his life.
He spurned overtures from at least one NBA franchise, believed to be the Cleveland Cavaliers, and his stance kept other franchises, including the Lakers, from making a run at him.