Kevin Ollie has been hired as head coach and director of player development for the Overtime Elite, a new professional basketball league for top prospects between the ages of 16 and 18.

"I'm ready to get back to what I was born to do: empowering and encouraging and supporting young people, and helping them grow," Ollie said in a statement. "There's no better place for me to do that than OTE, an extraordinary league for extraordinary young men. I consider it my mission to help these elite athletes realize their dreams."

Ollie played in the NBA and won a National Championship as head coach of UConn.

The OTE's plan is to offer six-figure financial packages and an academic tutoring component for high school players to compete against prep school and international teams in a year-round training program.

These players would lose college eligibility but be able to advance toward the G League and NBA draft in a more basketball-intensive environment.