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Report: Kevin Ollie agrees to $3 million annual contract extension with UConn

UConn's Kevin Ollie and Kentucky's John Calipari were reportedly among the coaching candidates the Lakers had planned to interview. (Maddie Meyer/Getty Images) UConn's Kevin Ollie and Kentucky's John Calipari were reportedly among the coaching candidates the Lakers had planned to interview. (Maddie Meyer/Getty Images)

Perhaps the news of Kevin Ollie possibly entertaining offers to coach in the NBA can be put to rest.

According to a tweet on Monday evening from Adrian Wojnarowski of Yahoo! Sports, the UConn head coach has agreed to a $3 million annual contract extension with the Huskies. He was paid $1.2 million this past season as head coach of the Huskies. Initially, Ollie had been given a seven-month contract to replace Hall of Fame Jim Calhoun. Later, he signed a five-year deal worth $7.5 million in December 2012.

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The news comes amid recent reports that the Lakers were interested in interviewing the 41-year-old former NBA player to replace the recently ousted Mike D'Antoni. Wojnarowski reported on Monday that the Los Angeles front office never reached out to Ollie about the coaching vacancy.

In his first season eligible for the NCAA tournament, Ollie led the Huskies to an improbable national title over the Kentucky Wildcats. The 60-54 win for UConn was the school's fourth men's basketball championship in the past 15 years.

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