Donovan's Contract Not Finalized
Florida athletic director Jeremy Foley and coach Billy Donovan have denied reports that Donovan is preparing to sign a deal that would make him the highest paid college coach in the nation.
Foley said Friday negotiations are underway, as they have been for several weeks, but no agreement has been reached.
On Thursday night, ESPN.com reported that Donovan was about to sign a seven-year contract extension worth an average of $3.5 million per year.
Donovan, who recently returned from a vacation in Ireland and the 20th anniversary celebration of the Providence team he helped take to the Final Four, also acknowledged that talks are underway, but nothing is set in stone. Donovan has yet to meet with Foley and UF president Bernie Machen on a final contract.
Before any contract can be completed, it must be approved by the compensation committee of the University Athletic Association, as well as Machen.
Donovan has been the subject of rampant speculation about his job status and contract since March, when former Kentucky coach Tubby Smith resigned and Donovan became the top candidate for the Wildcats.
In the time since he declined to interview for the Kentucky job, he has been linked to potential jobs with the Memphis Grizzlies and the Orlando Magic.