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The 7 most important parts of Calipari and Stoops’ contract extensions

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If you missed the post directly below this one, UK just extended John Calipari and Mark Stoops’ contracts by two years. The extensions will keep Calipari at Kentucky through the 2023-24 season and Stoops the 2022 season. There’s A LOT going on with each deal, so I spent some time boiling each down to the most important parts, starting with Calipari’s:

1. John Calipari isn’t getting a raise

Normally, when you think contract extension, you think raise, but it’s important to note that for Calipari, the extension is just that. Cal was already scheduled to begin making $7.75 million next season and $8 million in the 2018-19 season; this deal just extends his old one by two years.

2. The only incentive in his contract remains the APR incentive

One of the unique things about John 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. In fact, this extension raises that APR threshold from 950 to 975 beginning next season. What does Calipari get if his players meet the mark? $50,000.

3. In 2022, he and the AD will meet to see if they need to raise his salary

While Calipari isn’t getting a raise, the amendment adds a compensation review in June 2022, when he and the athletic director will meet to determine whether or not he should get a raise. If they decide he should, a new amendment (and perhaps a new extension) will be negotiated.

4. Calipari can leave UK without paying anything

Always of note is the buyout clause. While UK would owe Calipari $5 million if they decided to terminate his contract, it’s worth pointing out that should Cal decide to leave, he would owe the school nothing. That’s not new.

5. If UK wins 7, 8, or 9 games, Stoops’ contract extends another year

Not only is Stoops extending his contract two years, if the Cats win at least seven and no more than nine games in a season, the terms of the agreement will extend one year; if UK wins ten or more games, it will extend two years. For each additional automatic extension year, the total guaranteed compensation will increase by $250,000 from the immediately preceding year.

6. Look at all these incentives

By the 2022 season, Stoops will be making $4.75 million/year, but the real change to his contract comes in the incentives. He will make…

  • $50,000 if the football team wins six games and participates in a non-SEC affiliated bowl game
  • $100,000 if the football team wins six games and participates in an SEC-affiliated bowl game
  • $100,000 if the football team participates in the SEC Championship Game
  • $200,000 if the football team wins the SEC Championship
  • $200,000 if the football team participates in a “New Year’s Six” bowl game (Rose, Sugar, Orange, Cotton, Fiesta or Peach)
  • $300,000 if the football team participates in a CFP semifinal game
  • $400,000 if the football team participates in the national championship game
  • $500,000 if the football team wins the national championship

These incentives were already included in Stoops’ contract, but are worth mentioning:

  • $250,000 for each win beginning with the seventh win of each season
  • $50,000 per semester in which the team grade-point average is 2.75 or higher

7. Stoops now has a buyout

As I determined last fall, there was no buyout clause in Stoops’ old contract, meaning if he left UK on his own volition, he wouldn’t owe the school a dime. That has changed. Should Stoops decide to leave, he would owe UK $1 million, while if UK terminated the agreement, they would owe him 75% of the remaining guaranteed compensation on his contract.

To view Calipari and Stoops’ contract extensions for yourself, click the links below

 

Article written by Mrs. Tyler Thompson

No, I will not make you a sandwich, but you can follow me on Twitter @MrsTylerKSR or email me.