LEXINGTON, Ky. — Kentucky coach Mark Stoops has signed a contract extension until 2022, the school announced Wednesday afternoon.
The new agreement adds two years to Stoops’ previous contract.
Of note in Stoops’ new contract is a clause that would make him eligible for new extensions based on number of wins. If Kentucky wins seven games, but no more than nine, Stoops’ contract will be automatically extended by one year. If the Wildcats win 10 or more games, his contract is automatically extended by two years.
There is also a buyout provision where Stoops would pay the school $1 million if he left for another job before the contract expires.
“I want to thank Dr. (Eli) Capilouto, Mitch Barnhart and the Board of Trustees for their continued support,” Mark Stoops said in a statement. “When we came here, doing a rebuild in a challenging situation, I said that full support from everyone involved was imperative and we have always received that. We needed great commitment, we’ve had great commitment and we’re continuing to get great commitment.”
Stoops’ new contract will pay him a peak of $4.75 million between 2021-22. Only seven coaches in college football are currently making more than that, according to the USA Today database. The coach will make $3.35 million this upcoming season per the terms of his previous contract.
“The last four years have been a grind for Mark and his staff, but he has never wavered in his commitment to building Kentucky football into a consistent winner,” UK athletic director Barnhart said in a statement. “While the work isn’t close to finished, we believe Mark is the coach to take us there. We are thankful to Mark and Chantel for all they have done to this point and we look forward to our program’s bright future under his leadership.”
Kentucky also announced Wednesday that basketball coach John Calipari received a two-year extension.