LEXINGTON, Ky. -- John Calipari signed a new 10-year contract on Thursday to remain head coach of the University of Kentucky men's basketball team.
The new deal, with total guaranteed compensation -- which includes base salary and media/endorsement payments -- is valued at $86 million over the lifetime of the contract. With a base salary of $400,000 per season from the university, Calipari will make $8 million in total compensation over the next two seasons with increases starting in 2021-22 ($8.5 million per year for four seasons) and 2025-26 ($9 million per year for four seasons).
"One of the truly unique things about Kentucky men's basketball is its legacy of head coaches who have made their own lasting mark on this program. John is a perfect illustration of that," Athletics Director Mitch Barnhart said in a news release. "He has added a special chapter to the greatest tradition in college basketball and it's a chapter we want him to continue writing until the end of his coaching career. We are pleased to announce a new contract that will enable him to do exactly that."
UK announced the day after the 2018-19 season ended that Calipari had agreed to what amounted to a lifetime contract. Few details of the new deal were made public until Thursday afternoon, after the UK coach made the signing official.
"I want to thank the university, Dr. Eli Capilouto, Mitch Barnhart and DeWayne Peevy for approaching me with the opportunity to finish my career at Kentucky," Calipari said in the news release. "I've said from day one that this would be the gold standard and it has been for student-athletes and coaches. As I enter my 11th year, I'm reminded it took me 20 years to get an opportunity to like this. There is no other place I want to be. As I look forward, my mindset is what's next and how can we be first at it for the young people that we coach."
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