Kevin Ollie Signs New Five-Year Contract
May 23, 2014INDIANA SPORTS PAGE
STORRS, Conn. - The University of Connecticut and head men's basketball coach Kevin Ollie have agreed to a new five year contract that will run through May 31, 2019. Ollie became the 18th men's basketball coach at UConn in September, 2012.
Ollie led the Huskies to a 20-10 season in 2012-13, the first UConn coach to ever win 20 games in his initial season. This past year, Ollie guided the Huskies to a 24-7 regular-season mark, including 12-6 in the American Athletic Conference.
After reaching the championship game of the first American Tournament, UConn earned a No. 7 seed in the East Region of the NCAA Tournament. The Huskies defeated Saint Joseph's, Villanova, Iowa State, Michigan State, Florida and Kentucky to capture their 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. 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.
"I'm very thankful to President Herbst and Warde Manuel for showing confidence in me and my coaching staff. It's the student-athletes who have sacrificed to uphold the standards we have set at UConn and done such a terrific job. I'm happy and excited to be able to continue to invest in their basketball careers and their lives."
"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."
"I am very happy that Kevin Olliewill continue to direct our men's basketball program," said UConn Director of Athletics Warde Manuel. "It is a great day for the University of Connecticut and for Kevin. Kevin has accomplished a great deal during his first two seasons as our head coach both on and off the court and I am very excited about the future of our program."
Ollie will receive a base salary of $400,000 on an annual basis. He will also receive annual payment for public relations, consulting and media appearances. In the 2014-15 academic year, this figure will be $2,400,000 for total compensation of $2,800,000. The public relations, consulting and media appearance payments will increase by $100,000 during each year of the contract. These combined figures will then total $2,900,000 for 2015-16, $3,000,000 for 2016-17, $3,100,000 for 2017-18 and $3,200,000 in 2018-19.
Ollie is also eligible for additional compensation for services and performance in the post-season. He will receive one month of base salary for winning a conference regular-season championship; one month of base salary for winning a conference post-season championship; one month of base salary for participation in the NCAA tournament; one month of base salary for participation in the NCAA Sweet 16; one month of base salary for participation in the NCAA Final Eight; one month of base salary for participation in the NCAA Final Four; and three months of base salary for winning the NCAA National Championship. Ollie will also receive one-half month base salary for winning a conference coach of the year and/or national coach of the year.
Ollie will receive a $5,000 payment following any academic semesters when the team grade point average is 2.8 or better and a $10,000 payment for an annual APR score of 930 or better.
University of Connecticut Contract Summary, Kevin Ollie, Head Men's Basketball Coach
CONTRACT PERIOD: The term of the contract is June 1, 2014 through May 31, 2019.
SALARY/SPEAKING AND MEDIA APPEARANCES: The contract calls for an annual base salary, as well as, annual payments for institutional speaking and media appearances.
The following is a year-by-year summary of those payments:
NOTE: No General Fund (state tax dollars) or tuition monies were used to provide any of the resources for this contract. The Division of Athletics at the University of Connecticut is an Auxiliary Service Fund entity and the sources of revenue include: gate receipts, private fundraising, corporate partnerships, television/radio rights, conference revenues and NCAA revenues.
AUTOMOBILE ALLOWANCE: The Coach will receive an annual car allowance in the amount of $15,000 to be paid on a bi-weekly basis.
SUMMER CAMPS/CLINICS: The Coach may organize and direct basketball camps or clinics utilizing University dormitories, dining halls, athletics facilities and other campus facilities, at the rates and fees published by the University's Conference Services Office. Coach Ollie may also organize and direct basketball camps or clinics located off the University's campus. All camps and clinics run by the Coach shall be owned and operated by the Coach.
ENDORSEMENT CONTRACTS: Any consulting, endorsement or outside income activity performed by the Coach shall be consistent with the University consulting policy. Personal endorsement agreement must be consistent with the University's agreement with IMG and compliant with all University policies and all Connecticut state statutes.
TICKETS: The University will provide the Coach with twenty (20) tickets for personal use and purchase privileges for up to ten (10) additional tickets for all home, away, conference tournament and post-season men's basketball events while serving as Head Men's Basketball Coach. The University will provide the Coach with twenty (20) tickets in a suite and five (5) parking passes for personal use for all home football games at Rentschler Field while serving as Head Men's Basketball Coach. The Coach will be responsible for all costs associated with food and beverage service in the suite and no such costs shall be regarded as subject to reimbursement. Also, the Coach will be entitled to receive four (4) tickets for all other UConn home athletic events.
COUNTRY CLUB: The University shall pay the current fee categories for an annual family membership at a country club approved by the athletic director.
COMPENSATION FOR SERVICES AND PERFORMANCE: The Coach will receive one month of base salary for winning a conference regular season championship; one month of base salary for winning a conference post-season tournament championship; one month of base salary for participation in the NCAA tournament; one month of base salary for participation in the NCAA Sweet 16; one month of base salary for participation in the NCAA Elite Eight; one month of base salary for participation the NCAA Final Four; three month of base salary for winning the NCAA national championship; one-half month of base salary for winning a conference and/or national coach of the year award; a $5,000 payment for each academic semester with a team grade point average of 2.8 or above; a $10,000 payment for each year with an APR score of 930 or above.
BUYOUT: If the Coach accepts a position as a Head Coach of men's basketball at an NCAA Division I institution, the following will be due to the University from the Coach: $5,000,000 in 2014-15; $4,000,000 in 2015-16; $3,000,000 in 2016-17; $2,000,000 in 2017-18 and 2018-19. If the Coach accepts a position as a Head Coach or Assistant Coach in the NBA, the following will be due to the University from the Coach: $5,000,000 in 2014-15; $4,000,000 in 2015-16; $1,000,000 in 2016-17, 2017-18 and 2018-19.