Kevin Ollie: It's Official - $3 Million per year

[CTMike]

Now let's see if any of the Warde Manuel bashers have anything to say.

WHY WASN'T THIS DONE A MONTH AGO? He probably didn't get a high enough buyout, etc, donut, etc...

 

[phillionaire]

but when will kevin ollie come out and say he's not going to the nba?

 

[FluxTZ]

As a refresher, can someone remind us what everyone was speculating he'd get a raise to? Was it $2.5 million?

And how does this work out structurally? He was in Year 1 of his 5 year $7 million extension so does the 5 years start over @ $3 million/year or is it 5 additional years on top of the 4 remaining for a total of 9 years on the contract?

 

[aceboon]

in a moment of celebration, I am now overcome with the rage to stomp Jeff Goodman's ears together. what a fukboy this troll is.

 

[Kitaman]

Damn it, I used up all my Ollie posts on the other bogus threads!

 

[Chris]

U-C-O-N-N UConn UConn UConn!!!!!!!!

 

[sawxfan23]

As a refresher, can someone remind us what everyone was speculating he'd get a raise to? Was it $2.5 million?

And how does this work out structurally? He was in Year 1 of his 5 year $7 million extension so does the 5 years start over @ $3 million/year or is it 5 additional years on top of the 4 remaining for a total of 9 years on the contract?

A new 5 year deal that will run until 2018

 

[Calhoun's Court]

Daniel Hamilton please pick up your phone ........YOUR Coach is calling ​

 

[WestHartHusk]

I am super happy about this.

But, I do wish it was longer (7 years?). This means we should have a renegotiation coming up in 2-3 years again to protect recruiting.

 

[8893]

Good job all around.

As a refresher, can someone remind us what everyone was speculating he'd get a raise to? Was it $2.5 million?

I don't know what everyone else was saying, but I was saying close to $3M for 5 to 7 years. I was thinking more like $20 for 7 years, but this makes more sense given where the negotiations went. If they wanted to lock him up longer it probably got more difficult.

 

[UCONNfan1]

Very glad to hear this. If this were 15 years ago and there was no boneyard and hardly any internet access, it would have been a much smaller issue. But for the fans who read the boards every day and follow everything UCONN related on a fan-atical basis (myself included), this is welcome news.

I'm glad it is done, proud of our University for stepping up, very pleased with Warde for doing it the right way - not jumping the gun nor doing anything crazy - and psyched Ollie is committed so we can move on with recruiting and cheering our team on...

 

[8893]

Of equal importance, Ollie has raised the coaching salary bar for UCONN, putting our commitment into the upper echelon of elite basketball programs. Hopefully life after Ollie doesn't come for a long time, but when it does, the prescedent purse strings will have been stretched to a new buying power.

This is a very good point, and one that should also help quiet the speculation that he's going to jump in near-to-mid future (to help quell the inevitable recruiting rumors). The school has demonstrated that it will pay a very competitive salary to keep him, and that says a lot imo.

 

[SAMCRO]

WHY WASN'T THIS DONE A MONTH AGO? He probably didn't get a high enough buyout, etc, donut, etc...

Monitoring.

 

[SubbaBub]

Never doubted it for a moment. You may resume party.

 

[BoatShow]

WHY WASN'T THIS DONE A MONTH AGO? He probably didn't get a high enough buyout, etc, donut, etc...

B1G negotiations of course.

 

[intlzncster]

 

[junglehusky]

Wait, wait... so does this mean Ray Allen isn't going to be the head-coach-in-waiting????

 

[BoatShow]

Would make him the 9th highest paid NCAA hoops coach, just behind Matta.

 

[tcf15]

Would make him the 9th highest paid NCAA hoops coach, just behind Matta.

And just ahead of Josh Pastner

 

[superjohn]

Not sure who is more overpaid, Pastner or Coach K.

 

[Ha Who]

Daniel Hamilton please pick up your phone ...YOUR Coach is calling ​

Stop doing the Courants job

 

[Scot-e]

Line up the 5 star kids- time to sign!!

 

[BoatShow]

Not sure who is more overpaid, Pastner or Coach K.

K's salary is absolutely ridiculous. He could find a way to win two national titles next year and still be overpaid. Pastner's kinda hilarious though.

Also hilarious that KO makes about twice Cronin makes

 

[8893]

And just ahead of Josh Pastner

Yep. Most likely one of the biggest reasons it is where it is.

 

[David 76]

Sounds like the only thing holding it up was Warde pushing to make it harder for Ollie to leave (the buy-out clause) Thank you Kevin! I appreciate your committment to UCONN over bigger bucks! Good job Warde!

 

[SixRings]

Happy. Thought he would get a little more in pay and a longer term but the man can afford a nice steak tonight.

 

[Huskyforlife]

Crap he can still get 5 per year in the nba...

 

[tentoes4rings]

Sounds like the only thing holding it up was Warde pushing to make it harder for Ollie to leave (the buy-out clause) Thank you Kevin! I appreciate your committment to UCONN over bigger bucks! Good job Warde!

Best thing that's happened in 6 weeks. Congrats KO, we're fortinate to have you.

 

[intlzncster]

K's salary is absolutely ridiculous. He could find a way to win two national titles next year and still be overpaid. Pastner's kinda hilarious though.

Pastner's is sheer genius on his part.

 

[gtcam]

Does this mean JC was vastly underpaid??
Happy as hell that KO signed but still needs 3 more to pass JC - time to earn the cash and get all 3 in next 5 years!!!!