Olen’s contract is worth $6.5 million over five years, starting at $1.2 million for 2025-26, or nearly three times what he made at UCSD.
There’s also a $30,000 moving allowance, a country club membership and a courtesy car, plus numerous performance bonuses that would add another $100,000 for a season similar to what UCSD just had.
New Mexico received a reported $375,000 buyout from Pitino’s departure to Xavier but protected itself much more in case Olen becomes the object of someone else’s eye. It would cost $2.65 million if he left in year one, just over $2 million in year two.
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