Kevin Ollie and UConn have agreed upon a contract extension worth $3 million annually.

Ollie led the Huskies to the 2014 National Championship.

Ollie had received interest from NBA teams.

The Los Angeles Lakers reportedly never made a formal inquiry into Ollie, and the Cleveland Cavaliers were the most aggressive suitor among a number of NBA teams.

Kevin Ollie will seek a contract better than Steve Kerr's five-year, $25 million deal if he leaves UConn for the NBA.

Ollie led UConn to the national championship in his second season as head coach.

Ollie is highly regarded amongst several of the NBA's better players from his time as a player.

As negotiations on a contract extension progress with the University of Connecticut, Kevin Ollie has received formal contact from NBA teams to discuss head coaching vacancies, league sources told RealGM.

Ollie heard inquiries from NBA teams in recent days, and UConn’s plans to extend the freshly minted national championship coach have moved along, too. Nevertheless, Ollie has engaged in firm discussions in the NBA – nearing the stage of interviewing with a team, sources told RealGM. With Ollie on a busy schedule, no interview is slated to take place during the Chicago predraft combine, sources said.

Around the league, Ollie maintains a strong reputation from his playing days, a 13-year career in which he served as a leadership figure on teams and earned a place through a gritty, relentless approach. Ollie established relationships with the NBA’s current one-two superstars, LeBron James and Kevin Durant, while playing for the Cleveland Cavaliers and Oklahoma City Thunder.

Despite the Los Angeles Lakers’ pursuit to fill their vacancy with a splashy and substantial figure, the franchise has yet to formally reach out to Ollie, a source told RealGM. Within the NBA, the Cleveland Cavaliers have been tabbed as highly aggressive in the chase to ace their next coaching hire.

Ollie had proven himself on the highest level of professional basketball, and the 41-year-old led UConn to an improbable national title this season. For league executives, his collegiate success and league reputation made it inevitable for him to receive an opportunity to translate his coaching to the NBA.

Throughout the NCAA offseason, Ollie has made clear that his loyalty lies with his alma mater UConn.

Kevin Ollie has yet to be formally contacted by any NBA teams about their head coaching vacancy, sources tell RealGM.

Connecticut hopes to reward Ollie with a contract extension, but he's expected to open up discussions with NBA teams if no deal forms.

Ollie was a longtime player in the NBA and has excellent relationships with many current players.

Kevin Ollie is undoubtedly loyal to Connecticut after leading them to the National Championship, but sources tell RealGM that he'll listen to any interest from the NBA.

Ollie hasn't yet received formal contact from NBA teams, sources said.

Ollie has been mentioned as a candidate for the Los Angeles Lakers.

Ollie is well liked by former NBA teammates such as Kevin Durant.

The Los Angeles Lakers hope to "make a splash" with their eventual head coaching choice.

The Lakers intend to reach out to Kevin Ollie and John Calipari to at least gauge their interest in the position.

Mike D'Antoni stepped down as Lakers' coach on Wednesday.

The Lakers could leave the position open in the short-term in case a potential free agent would consider signing with the franchise if the coach of his choosing is hired.

Sources say Kobe Bryant has not made any coaching suggestions at this point, but they will eventually consult with him.