John Calipari signs new contract with UK
06/05/2014 05:58 PM
Coming off of a national runner-up performance in the NCAA Tournament, head coach John Calipari and the University of Kentucky have agreed to a massive new contract, which extends through the 2020-21 season.
“I’d like to thank Mitch (Barnhart) and Dr. Capilouto for their commitment to me, my family and the basketball staff,” Calipari said in a press release provided by the UK athletic department.
“I’ve said over and over that I have the best job in the country. With the continued support from our administration and the greatest, craziest, fans in college basketball, we have accomplished a lot in our five quick years, but we still have lofty goals for the future. We want to continue to help young people and their families reach their dreams, while at the same time maintaining our success on the basketball court, in the classroom and in the community.”
The deal will pay Coach Cal $6.5 million for the 2014-15 season, and will increase each year until it tops out at $8 million in 2018-19. The financial commitment is lofty, but it is something that athletics director Mitch Barnhart is more than willing to embrace.
“We feel like we have one of the premier coaches in college basketball and he certainly needs to be rewarded and recognized for all the things he has accomplished,” Barnhart said in the release.
“It has long been our goal over the last three to five years that Cal enjoy this as his final stop in coaching and that he has an opportunity to finish his career at the University of Kentucky and hopefully set standards and win championships that will be remembered for many, many years to come.”