John Calipari and Kentucky agreed in April to what was described as a “lifetime contract.” Thursday, the exact terms of that deal were disclosed.
The Wildcats coach’s new contract worth $86 million over 10 years.
“I’ve said from day one that this would be the gold standard and it has been for student-athletes and coaches,” Calipari said in a statement released by the school. “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.”
Calipari, 60, will likely continue to be a source of speculation for other jobs presuming he keeps things rolling in Lexington as he has for the last 10 years, but what Kentucky is paying him will almost certainly be more than any other program – and potentially NBA franchises – are going to be willing to. Calipari’s success, NBA history and ability to always be central to the broader college basketball conversation means he’ll always be in demand, but it’s hard to picture a situation that could intrigue Calipari enough to leave one of – if not the – best jobs in basketball.
“(Calipari) 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,” Kentucky athletic director Mitch Barnhart said in a statement. “We are pleased to announce a new contract that will enable him to do exactly that.”
Calipari 305-71 with one national championship, four Final Fours and 26 first-round draft picks in 10 years with the Wildcats. He and Kentucky will likely open the 2019-20 season as one of the frontrunners for the national championship.