Storrs, CT (SportsNetwork.com) - The University of Connecticut and head men's basketball coach Kevin Ollie have agreed to a five-year, $15 million contract extension, the school officially announced Thursday.
Ollie led the Huskies to a 32-8 overall record in 2013-14, culminating in a win over Kentucky in the NCAA Tournament title game to secure the school's fourth National Championship in the last 16 years.
"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. "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."
The extension ensures that Ollie, who had been rumored as a candidate to fill one of several vacant NBA head coaching positions, will remain at the school through the 2018-19 campaign.
Ollie took over in 2012 for Jim Calhoun after the Hall-of-Fame coach stepped aside because of health problems and has guided the Huskies to a 52-18 record in two seasons at the helm.
"Kevin Ollie is the right person to lead our men's basketball team into the future," said UConn president Susan Herbst. "Kevin has done a remarkable job as our head coach over the past two years and also during his time as a UConn student-athlete and assistant coach. He is a person of utmost character and leadership and embodies everything we stand for here at the University of Connecticut."
Ollie, a former Huskies captain, is also eligible for additional compensation for services and performances in the postseason as well as for the team's academic achievements under his guide.