Updated at 2:30 p.m.
Billy Donovan has accepted the vacant head coaching position with the Oklahoma City Thunder, ending his 19-year stint with the Florida Gators. A source close to the Florida coach told OnlyGators.com on Thursday afternoon that Donovan and Oklahoma City have agreed to terms on a five-year contract with each program announcing the deal a few hours later.
Donovan, who amassed a 467-186 (202-109 SEC) record with the Gators and won 502 games during his 21-year college coaching career after spending two seasons at Marshall, will enter the NBA ranks as a coach for the first time in his career at a salary of nearly $6 million per season.
“I want to thank Jeremy Foley, the players, coaches and staff I’ve had the chance to work with during my time at Florida,” Donovan said in a school release. “The administrative support and stability has been unbelievable here, and it is an incredibly difficult decision to leave that. I knew that it would take a unique opportunity to leave the University of Florida and that is clearly how I look at this situation.”
Donovan continued discussing his shift to the NBA in an Oklahoma City release.
“The Thunder represents so many of the values that I embrace as a head coach; the commitment to the team above oneself, the dedicated pursuit of excellence, the commitment to organizational culture, the identity they have established and the fact that the Thunder and the community are so intricately woven into the fabric of one another. To have the ability to work with such a talented and high character group of players is also rare, and I am excited to forge ahead creating those relationships,” he said.
“It is of course bittersweet as the University of Florida will always hold a very special place in my heart and in my family’s. I’ve had the good fortune of working with the best athletic director in the country in Jeremy Foley over the last 19 years, and I’ll be forever grateful and thankful for the opportunity and his friendship. Countless players, students, and other people in the administration were responsible for our success and for the meaningful connection we had with the Gainesville community.
“I have a deep appreciation for what the University of Florida will always mean to me and I’ll forever be a Gator.”