One year after signing a seven-year contract extension that runs through the 2020-21 season, Kentucky coach John Calipari is poised to sign another extension that could keep him in the Bluegrass until his coaching career ends.
Sources tell KSR, UK and Calipari close to extending his contract 1 year at $8M through 2022. He will earn a $1.6M longevity bonus on July 1
— Matt Jones (@KySportsRadio) May 12, 2015
Sources tell KSR Calipari’s new contract with UK would be a 7-year $54 million deal.
— Matt Jones (@KySportsRadio) May 12, 2015
Under his previous contract, Calipari earned $6.5 million last season and the annual salary will escalate annually, eventually reaching $8 million beginning in 2018-19. He also has incentives based on APR scores. There is no buyout in the contract, a source told SNY.tv.
Kentucky went 38-1 this season, losing in the national semifinals to Wisconsin after starting the season 38-0.
The Wildcats could have as many as seven players chosen in the June 25 NBA Draft with New Jersey native Karl-Anthony Towns projected by many to be the No. 1 overall pick.
Six Kentucky players will participate this week in the NBA Combine in Chicago, with Towns sitting it out due to his status as a projected top-2 pick.
