LEXINGTON, Ky. — John Calipari and Kentucky basketball have agreed to a two-year extension that will keep the the Wildcats’ coach under contract through the 2023-24 season.
There is no raise for Calipari in this new deal — he’s due $7.25 million this season, $7.75 million next season and $8 million a year thereafter, starting in 2018-19, same as his last contract — but there is a new provision for a compensation review in June of 2022. Should UK terminate the agreement for convenience, the university said, Calipari would be due $5 million per year on the remaining contract.
“John has achieved consistent championship-level performance at Kentucky,” athletic director Mitch Barnhart said. “No one in America is better suited for everything that comes with being the coach here. Not only has he attained incredible success on the court, he is also a leader in our community and in college basketball. We have been blessed to have him and Ellen here for the last eight years and we are blessed they will continue to call Kentucky home.”
Calipari will lead the second-seeded Wildcats (31-5) into their sixth Sweet 16 in his eight seasons when UK faces UCLA on Friday night in Memphis. He’s looking for his sixth Elite Eight and fifth Final Four berths as well. Calipari and the Cats won a national championship in 2012.
“The last eight years at the University of Kentucky have been a terrific ride,” Calipari said. “This extension shows our full commitment to each other. I believe this school is the gold standard and I’m so thankful and blessed that this university has given me this opportunity at this point in my career.”
As was the case starting with his last extension, Calipari has only one incentive in the deal: an annual $50,000 bonus if the men’s basketball program earns a score of 975 on the NCAA’s Academic Progress Rate. He previously received that bonus if the basketball team scored a 950.