Billy Donovan is close to signing his long-awaited contract extension, according to a report by ESPN.com. Citing unnamed sources (a practice forbidden by The Miami Herald) the Internet website wrote on Thursday night that Donovan and Florida are nearing terms of a seven-year contract extension worth about $3.5 million per season.
I spoke with University of Florida sports information director Steve McClain on Thursday night after the story broke and McClain told me that Foley indicated during the Gators' Thursday night baseball game against Tennessee (a 6-5 Florida loss) that Donovan's deal is still in the works and may take more time to finalize.
For more than a year, Donovan (Is it possible this guy is a savvier businessman than he is a basketball coach?) has positioned himself to become the wealthiest college basketball in the country. It seems his payday is finally nearing. Is he worth it? Will Florida football coach Urban Meyer's upcoming contract extension trump Donovan's deal? Will Billy the Kid bolt for the NBA, a possibility I still believe to be very possible?