John Calipari’s new 10-year, $86 million contract is now official, and includes some significant changes from his previous one. Here are the five things you need to know:
1. He’ll be making anywhere from $8 million to $9 million per year
Last year, Calipari made $8 million plus the $50,000 APR bonus (more on that later); for the next two seasons, that amount won’t change. Here’s what Calipari will be making each season through the end of the deal:
- July 1, 2019 – June 30, 2020: $8 million
- July 1, 2020 – June 30, 2021: $8 million
- July 1, 2021 – June 30, 2022: $8.5 million
- July 1, 2022 – June 30, 2023: $8.5 million
- July 1, 2023 – June 30, 2024: $8.5 million
- July 1, 2024 – June 30, 2025: $8.5 million
- July 1, 2025 – June 30, 2026: $9 million
- July 1, 2026 – June 30, 2027: $9 million
- July 1, 2027 – June 30, 2028: $9 million
- July 1, 2028 – June 30, 2029: $9 million
2. After six years, he has the option to step down as coach
The purpose of this contract was to allow Calipari to finish his coaching career at Kentucky, and after six years, he’ll have the option to step down as the head coach and become special assistant to the athletics director/university representative. He would receive $950,000 in annual compensation for the position, which would include helping the university with fundraising and promoting the program.
Ambassador Calipari has a nice ring to it.
3. He has to let UK know about other job offers
There is still no buyout in Calipari’s contract, but there is a new section regarding job offers. From now on, Cal must let the athletic director know of any job offers or requests for meetings and/or discussions before speaking with prospective employers. Remember, word leaked out about this new contract because UCLA reportedly reached out to Calipari to try to lure him to the West Coast. As he said last week, that’s an annual occurrence.
“I get calls every year from different people. And you know why I’ll talk? At the end of the day, I may be able to help someone else. If I know that I can help somebody else who’s helping assistants, I do that, but I’ll listen to people talk to me. I mean, I owe that to the profession, to myself.”
4. He still gets one month of paid vacation
…but according to his daughters, he never really uses it:
I mean, he leaves the state of Kentucky and then works from there. Does that count?
— Dr.SicilianoCalipari (@TheErinCalipari) June 13, 2019
He goes to their New Jersey place for a couple weeks usually but it’s never truly work-free. So many phone calls, tv appearances and interviews. We even end up in the Craft center on Christmas. He loves his job
— Megan Calipari (@MeganteCalipari) June 13, 2019
5. His only bonus remains the APR incentive
One of the unique things about Calipari’s contract is, that while most coaches have incentives, such as payouts for making the tournament, winning championships, etc., he only has one: meeting the school’s mark for the Academic Progress Rate, or APR. When his team reaches the threshold of 975, Calipari gets $50,000. For the past six years, UK has earned a perfect one-year score of 1,000.
Go Cats. Go Calipari.