In case you haven't heard, Billy Donovan is yet to sign a contract extension.
But as of today at least we're hearing some rumors regarding this possible extension being somewhat on the horizon. ESPN's Mark Schlabach, who earned so much credibility during the Donovan to Kentucky whirlwind, had this to say about the negotiations currently in progress:
The new contract, which Donovan hasn't yet signed, will pay the coach around $3 million the first year. The contract then escalates to more than $3.75 in guaranteed income by the end of the contract in 2013-14, a person familiar with the negotiations said.
This line, though, is my favorite from the entire article:
Thanks for giving us a clear timetable there.
The local media surrounding the program has been quick to squash any of the rumors of the contract being signed. While Schlabach's article only stated that the contract was "close" to being signed, both AD Jeremy Foley and Billy Donovan stated that they hadn't even met on this apparent deal just yet.
"We haven't even met yet," Foley said. "Billy just got back into town. I'm still working on the budget. Our compensation committee hasn't met."
"Jeremy and I have not reached an agreement," Donovan said. "I know there's a process that Jeremy has to go through, and I know there's a process the school has to go through. ... I'm fine with that process."
Let's hope this is a smooth process that ends quickly. I mean, what are we going to do with ourselves for another week or so while Kentucky fans tell us Donovan is headed to the NBA?