Kevin Ollie Signs 5yr/$15M Deal with UCONN | Robert Littal Presents BlackSportsOnline

Kevin Ollie Signs 5yr/$15M Deal with UCONN

by Greg Smith | Posted on Thursday, May 22nd, 2014
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Kevin Ollie UCONN Contract

 

Kevin Ollie will officially NOT be coaching the LA Lakers. He has signed his new deal with UConn that will pay his $15M over 5 years. Here is what he had to say in a statement:

“I’m very pleased that we were able to agree to a new contract and that we’ll be able to continue to build upon the success we’ve had,” Ollie said in a statement. “It’s a humbling experience to be around the UConn fans and the UConn family and to know that I am their basketball coach for the foreseeable future. I’m very proud of that. UConn is a place that I love and as I’ve told everyone throughout the season and through all the recent speculation, this is where my heart is. This is where I wanted to be.”

It’s good to have leverage and Ollie certainly had that after winning a National Title and having many NBA suitors. Ollie also has to pay UConn $5M if he leaves during the first year of his contract and $1M less each year during his contract.

Congrats on the new deal.

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Chicago born. Nebraska Alum. College football is my jam. Follow me @GregSmithBSO for all your sports needs.

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