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Calipari’s Buyout Helps Retain Him At UK

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.


Article written by Thomas Beisner

8 Comments for Calipari’s Buyout Helps Retain Him At UK

  1. TommyLasorda
    4:10 pm June 27, 2011 Permalink

    Mwahahahahha! Mwahahahahha! Come on join in Mwahahahahha!Mwahahahahha!

  2. SexnNursinHomes
    4:24 pm June 27, 2011 Permalink

    2- haha, I went and read that sea of blue post. It sucks.

    carry on folks, nothing to see here.

  3. Hoss
    4:24 pm June 27, 2011 Permalink

    Steve- Why such the small penis?

  4. SexnNursinHomes
    4:26 pm June 27, 2011 Permalink

    2 got deleted. KSR is quick. Good job guys, good job.

  5. hmmm
    4:29 pm June 27, 2011 Permalink

    No nba team could get a whole million dollars…

  6. Carl
    4:56 pm June 27, 2011 Permalink

    Is the One million dollar buy out what has to be paid to Calipari in case of divorce or what he has to pay Kentucky to leave for another program?

    M.m.m.m.mole ! M.m.m.M.Mole! Molay !

  7. sweet 16 at worst
    6:01 pm June 27, 2011 Permalink

    Carl, the buyout is what Cal has to pay if he leaves before the end of his contract. What I love is the fact that there are NO bonuses shown for getting out of the round of 64 or 32. Only once he gets to the sweet 16 does he see any money. That shows what’s expected at a true top teir program. A 1st round loss isn’t accepted here.

  8. Hambone
    10:07 pm June 27, 2011 Permalink

    Why is there no attribution to the spreadsheet breakdown? Journalists dislike KSR for a reason. Here’s why. Credit where credit it due, for shits sake, Beisner.