John Calipari’s new contract extension already serves as a sign of a long-term marriage between himself and the school, but there’s a little provision that might have been overlooked earlier that might strengthen that. Calipari’s buyout is set at $1 million for each of the next three years, higher than what was included in the original deal. Under the previous agreement, Calipari had a $1 million buyout after this season, $500,000 after 2013 and no buyout in 2014.
That $1 million is the same as Calipari’s retention bonus, which he’s eligible to earn in six of the next eight years. The bonus escalates to $1.1 million in 2019, which you can safely assume will be rewritten well before that time comes.
If you missed it earlier, here are the financial details of the new agreement.