Kevin Ollie signs new UConn deal

Coach Kevin Ollie of reigning national champion UConn has signed a new five-year contract worth $2.8 million a year, with incentives that can push it to $3 million per season.

"My heart is here at UConn," Ollie told ESPN on Thursday. "I want to stay invested in the student-athletes' lives on and off the court. I want to be here."

In April, Ollie coached the Huskies to the school's fourth national championship since 1999, beating Kentucky 60-54.

The new deal more than doubles Ollie's salary; he was paid $1.25 million last season. Ollie was originally given a seven-month contract when he replaced Hall of Fame coach Jim Calhoun in September 2012. Three months later, he was given a five-year contract worth an estimated $7.5 million.

"Kevin Ollie is the right person to lead our men's basketball team into the future," said UConn president Susan Herbst. "Kevin has done a remarkable job as our head coach over the past two years and also during his time as a UConn student-athlete and assistant coach. He is a person of utmost character and leadership and embodies everything we stand for here at the University of Connecticut."

"I am very happy that Kevin Ollie will continue to direct our men's basketball program," said UConn athletic director Warde Manuel. "It is a great day for the University of Connecticut and for Kevin. Kevin has accomplished a great deal during his first two seasons as our head coach both on and off the court and I am very excited about the future of our program."

Next season, the Huskies will play Duke in December at the Izod Center in New Jersey and take on other high-profile nonconference opponents such as Florida, Stanford and Texas. In addition, UConn will participate in the Puerto Rico Tip-Off.

The Associated Press contributed to this report.