Kevin Ollie Receives Five-Year Contract Extension, Earns $7 Million

UConn head coach Kevin Ollie has signed a five-year contract extension worth just over $7 million. The head coach’s extension will run through the 2017-2018 season.

Ollie might have his work cut out for him. The Huskies were the highest-profile program to be banned from the 2013 postseason following poor academic grades that extended over a four year period. UConn athletic director Warde Manuel tells ESPN that first-semester grades posted were satisfactory and the results “weren’t an issue.”

The 40-year Ollie was currently working off a one-year, $625,000 contract that was enacted in September 2012. Ollie’s contract was put into place after he replaced the retired Calhoun. When speaking of his new job, Ollie said:

“I’m not replacing coach Calhoun. He’s here, and I’ll lean on him for a lot of advice. I’m not following in his footsteps. He has his own shoes. I’ve got to create my own path and I can’t waiver from my convictions.

“I’m used to winning around here. That’s why I came here. That’s not going to stop. We will do it well and we will do it right.”

During his first year under the new contract, Ollie will receive $1.2 million. That sum will then increase to $1.25 million in 2014, $1.3 million in 2015-2016, $1.325 million in 2016-17, and $1.34 million in 2017-18.

Excited about his prospects at the school, Kevin Ollie revealed:

“It’s a five-year contract, but I’m looking at it like I can be the coach here for 20-25 years.”

Ollie is also set to receive a $10,000 per season bonus if the APR score is 930 or higher. A 930 score or higher over four years earns the coach $50,000.

Should his team’s academic score fall below 930, the head coach will lost two weeks of base salary, and the team will once again miss the postseason. Two consecutive years of an APR below 930 could lead to Kevin Ollie’s termination.