LEXINGTON -- Kentucky men's basketball head coach John Calipari, who owns more wins, more NCAA Tournament wins, more Final Four appearances, more Elite Eight berths and more Sweet 16 showings than any other coach since his arrival at UK, has signed a new long-term contract with the school that will offer him the opportunity to end his career in Lexington.
The deal was originally announced in April. Calipari signed the new contract Thursday. 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). "As I enter my 11th year, I'm reminded it took me 20 years to get an opportunity to like this," Calipari said after thanking university staff for presenting the deal. "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."
The only incentive included in Calipari's new contract remains the performance of the men's basketball team in the Academic Progress Rate, a metric created by the NCAA to measure academic eligibility, retention and graduation. The bonus will remain unchanged at $50,000 from the previous contract for meeting the threshold of 975. The men's basketball team has earned an NCAA award in five straight seasons for finishing among the top 10% of Division I men's basketball schools.
Calipari's new contract will no longer include a retention bonus. Beginning with the sixth contract year of the agreed upon terms, Calipari has the option to step down as the head coach and become special assistant to the athletics director/university representative. He would receive $950,000 in annual compensation for the position. With a 305-71 record at UK, Calipari trails only Adolph Rupp in total wins as the head coach of the Wildcats.