Calipari signs two-year extension with Kentucky

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Kentucky continues to take care of John Calipari.

The Wildcats coach has received a two-year extension, keeping him under contract in Lexington through the 2024 season, the school announced Wednesday.

The contract will pay Calipari $7.75 million next season and increase to $8 million per season thereafter.

“John has achieved consistent championship-level performance at Kentucky,” Kentucky athletic director Mitch Barnhart said in a statement. “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.”

Not only does the deal extend Calipari, but it continues to keep Kentucky competitive with the NBA, which would seem to be the only outlet that would even potentially tempt Calipari away from Kentucky. An NBA franchise would have to make him among the highest-paid coaches in the league to even match Kentucky financially.

Of course, given that Calipari has spurned interest from the league since returning to college in 2000, it seems unlikely that financial considerations would be the lone or heaviest variable in making a decision to move on.

Certainly, Calipari has an excellent thing going at Kentucky as the premier recruiting program in the country that has enjoyed serious success on the court, culminating in a 2012 national title and a 38-0 start to the 2015 season before a loss in the Final Four.

“The last eight years at the University of Kentucky have been a terrific ride,” Calipari said in a statement. “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.”

The Wildcats face UCLA in the Sweet 16 on Friday.