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Report: Kevin Ollie Agrees To $3 Million Annually To Stay At UConn

NEW YORK (CBSNewYork) -- In the end, Kevin Ollie wasn't that interested in finding out just how green the grass is in the NBA.

The coach who led UConn on a magical run to its fourth national championship this past spring, will remain the head of the men's basketball program after reportedly agreeing to a new multi-year deal that will pay him more than $3 million annually, Yahoo! Sports reported Monday.

The deal could be worth more than $15 million over a five-year term, Yahoo! Sports reported.

The contract still needs to be finalized and signed, the website added. It will more than double his previous salary.

Ollie, now 41, took over at UConn in 2011 after legendary Jim Calhoun retired.

In two season since, he's gone 52-18 and persevered despite a 2013 postseason ban. He took the 2014 squad all the way to the national title as a No. 7 seed, the first time that had been done in NCAA tournament history.

Ollie, who played for 11 different franchises during his 13-year NBA career, was linked to a few NBA head coaching openings, including the Los Angeles Lakers, though it is believed the Lakers never actually made an offer.

He recently said he was doing what anyone would do considering the opportunities afforded to a successful coach.

"I love this university," Ollie said last week at the New York Athletic Club. "I am not looking for another job. Of course, you listen to different things. I got two ears, I'm going to listen, but I'm not running out there soliciting any other job. I want to be here at the University of Connecticut."

At the time, Ollie was asked what he was telling recruits about his future.

"I'm going to be the UConn coach, nothing's changed," he said.

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