Kevin Ollie has reached agreement on a 5-year, $2.8 million annual contract extension at UConn. "My heart is here at UConn," Ollie said. "I want to stay invested in the student-athletes' lives on and off the court. I want to be here." There are also incentives in his contract that can push his annual salary to $3 million. Yahoo Sports reported that Ollie and UConn had reached an agreement on Monday, and now the contract is finalized. His name has been in connection with multiple NBA teams, but this extension removes any speculation of him leaving the college game in the near future.

Kevin Ollie has reached agreement on a $3 million annual contract extension at UConn, sources tell Yahoo Sports. That will put an end to any potential talks of Ollie joining an NBA team. Ollie led UConn to an NCAA championship this year, and it appears he is content to remain within the college basketball crowd.

Kevin Ollie plans to inform an undisclosed NBA team that has expressed interest that the feeling is not mutual, according to InsideSoCal.com. "He never got to first base with any NBA team," the source said. It's unclear which team, but the Lakers are probably the first to come to mind here. Ollie led his team to the NCAA championship this year and has quickly become the next hot coach among NBA teams. The Lakers won't be in hot pursuit for a coach until after the lottery on May 20.

A source tells the Los Angeles Daily News that UConn's Kevin Ollie will listen to a potential pitch from the Lakers regarding their head-coaching vacancy.