John Calipari signs extension with Kentucky that will pay him $8 million per year

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Kentucky coach John Calipari has signed a two-year contract extension with the school, UK officials announced Wednesday.

Calipari’s contract now runs through 2024. He’ll make $7.75 million next season and $8 million for each of the subsequent six years he remains at Kentucky.

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

Calipari is in his eighth season at Kentucky. The 58-year-old Naismith Memorial Hall of Famer will on Friday coach in his 10th Sweet 16 in the past 12 years when his Wildcats play UCLA at FedExForum in Memphis. He’s led UK to four of the past six Final Fours -- most notably the 2012 Final Four at which UK won the national title. Calipari also guided UMass to the 1996 Final Four and Memphis to the 2008 Final Four. In between, he coached in the NBA for the Nets.

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

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Gary Parrish is an award-winning college basketball columnist and television analyst for CBS Sports who also hosts the highest-rated afternoon drive radio show in Memphis, where he lives with his wife... Full Bio

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