Calipari adds 1-year extension, boosts contract through 2022
05/12/2015 08:50 PM
LEXINGTON — So much for reuniting with Anthony Davis in New Orleans.
Less than 12 months after signing a seven-year contract through the 2020-21 season, the University of Kentucky and men’s basketball coach John Calipari are close to agreeing to an additional one-year extension, according to multiple media reports.
Per source, and as others have reported, UK & Calipari close to $8 million/year contract extension through 2022 w/$1.6 million bonus July 1.— Kyle Tucker (@KyleTucker_CJ) May 13, 2015
The new contract is reportedly worth a whopping $8 million in annual salary, not including an addtional $1.6 million longevity bonus Cal is set to earn on July 1 of this year.
When finalized, the deal would become Calipari’s third extension/raise in the past four years.
Coach Cal’s contracts have consistently grown as he’s cultivated continued success in Lexington.
When the Hall of Famer joined UK in 2009, his original contract paid an average of $3.95 million annually. After the 2012 national championship, that sum jumped to $5.2 million, increased to $7.5 last June, and will now tact on an additional $500k to hit the final $8-million-per-year number.
Calipari guided Kentucky to an historic 38-0 start last season — a Division I NCAA record — in route to completing the first perfect regular season by a power conference school in nearly 40 years (Indiana, 1975-76).
During his six-year tutelage, the Wildcats have reached the Final Four in four of the past five seasons and won the school’s eighth national championship in 2012.