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UConn’s Ollie Gets Five-Year Extension

Mitchell Layton/Getty Images(NEW YORK) -- University of Connecticut has given men's basketball coach Kevin Ollie a five-year contract extension on Saturday, keeping him in the position until the 2017-18 season.

"As I said in my first press conference, I want to be here a lifetime and this is a step, hopefully a great step, in the program moving forward," Ollie said in the news release.

The deal is worth more than $7 milllion.

Ollie, a former point guard for the Huskies, took over the coaching duties from recently retired Jim Calhoun, and was operating on a one-year deal. Coming into Saturday night's game against Washington, the team had a 9-2 record under his direction.

"I am incredibly impressed with the way Kevin has led our program and his interaction with the administration, his coaching staff, the student athletes and our donors and fans," said Warde Manuel, the school's athletic director.

Copyright 2012 ABC News Radio

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