Calipari signs $86 million, 10-year extension with Kentucky

The Associated Press
Kentucky head coach John Calipari yells to his players during the first half of the Midwest Regional final game against Auburn in the NCAA men's college basketball tournament Sunday, March 31, 2019, in Kansas City, Mo. (AP Photo/Charlie Riedel)

Calipari signs $86 million, 10-year extension with Kentucky

Kentucky head coach John Calipari yells to his players during the first half of the Midwest Regional final game against Auburn in the NCAA men's college basketball tournament Sunday, March 31, 2019, in Kansas City, Mo. (AP Photo/Charlie Riedel)

LEXINGTON, Ky. (AP) -- Kentucky coach John Calipari has signed a 10-year contract extension through 2029 worth $86 million that includes an option in the sixth year to step down and become a special assistant to the athletic director or university representative.

The 60-year-old Calipari and the school previously announced an agreement to a long-term deal in April. The 11th-year coach will earn $8 million each of the next two seasons before his salary increases to $8.5 million annually in 2021 and $9 million annually in 2025. Beginning with the 2024-25 season, Calipari has the option to step down and into the university position that will pay $950,000 annually.

The Hall of Fame coach is 305-71 at Kentucky and won the 2012 NCAA championship among four Final Four appearances. Calipari thanked AD Mitch Barnhart and others in a release on Thursday and added, ''There is no other place I want to be.''

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