On the heels of nearly having a perfect season and reaching his 4th Final Four (two appearances were vacated), Kentucky has extended coach John Calipari’s contract an additional year with an extra $8 million tacked on to his current deal.
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The extension locks in Calipari through the 2021-22 season, as he signed a seven-year deal prior to this season that previously would have kept him at Kentucky through 2021.
News of the extension was first reported by Kentucky Sports Radio.
Calipari signed a seven-year deal worth $52.5 million last June and is also set to earn a $1.6 million longevity bonus on July 1.
Kentucky is coming off a season in which they went 38-1 and lost in the Final Four to Wisconsin. The Wildcats are losing seven major players (Willie Trill Cauley-Stein, Trey Lyles, Dakari Johnson, Karl-Anthony Towns, Devin Booker, Andrew and Aaron Harrison) heading into the 2015-16 season.
Calipari’s team will not be lacking in talent, though, as his does return Tyler Ulis, Alex Poythress and Marcus Lee as well as bringing in a top-5 recruiting class highlighted by Skal Labissiere, Charles Matthews and Isaiah Briscoe.
In 23 years coaching in the college ranks (while coaching at UMass and Memphis prior to coming to Kentucky), Calipari has amassed a record of 593–175.