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Report: UConn, Ollie agree on extension

(SportsNetwork.com) - Connecticut has reportedly reached an agreement in principle with men's basketball coach Kevin Ollie on a contract extension that will pay him at least $3 million a year.

The deal, which still needs to be finalized and signed, could be worth more than $15 million over five years, Yahoo Sports reported on Monday.

The report comes six weeks after Ollie led Connecticut to its fourth national title in 16 years and amid swirling rumors he could make the jump to fill one of several vacant NBA head coaching positions.

The Huskies are 52-18 in two seasons under Ollie, who took over in 2012 for Jim Calhoun after the Hall-of-Fame coach stepped aside because of health problems.

They were the first No. 7 seed to win the NCAA Tournament, beating Kentucky in the national final in April a year after being banned from the 2013 postseason over academics.

Ollie, a former Huskies captain, signed an extension of his original one-year deal in December 2012 that was to run through the 2017-18 season. Yahoo Sports reported the new deal will more than double his previous salary.

05/19 18:30:40 ET

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