Kevin Ollie, UConn agree to extension worth $3M/year

No longer considering himself a candidate for NBA coaching jobs, University of Connecticut coach Kevin Ollie has agreed in principle to a $3 million-plus annual contract extension.

The deal could be worth more than $15 million over a five-year term, sources said.

The contract still needs to be finalized and signed, a source said. It will more than double his previous salary.