Report: Donovan officially signs contract with Florida, TSN

Gainesville, FL (Sports Network) - Billy Donovan reportedly signed his six- year, $21 million contract Friday, after agreeing to the extension 16 months ago following a bizarre set of events where Donovan was briefly the coach of the NBA's Orlando Magic.

Florida basketball spokesman Fred Demarest confirmed the signing to the Orlando Sentinel, with the contract set to pay Donovan $3.5 million per year through the 2012-13 season. He was paid by those terms last season despite never actually signing the deal, according to Florida athletic director Jeremy Foley.

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