John Calipari had six-year $48 million offer from UCLA but he turned it down to accept a lifetime contract with Kentucky.
Per ESPN, Kentucky has agreed to a contract extension with head coach John Calipari that will see him finish his career with the Wildcats, a school official told ESPN.
Calipari confirmed the news on his radio show: “Where else would I want to coach?” he said.
Calipari had been in contact with UCLA about the school’s open head-coaching position and had been offered $48 million over six years, The Athletic reported.
“It has nothing to do with the other stuff … people call every year,” he said. “They presented it to me, and I appreciate it.”
Calipari, whose current contract at Kentucky runs through 2024, is the highest paid basketball coach in the country, with total compensation of $9.2 million this year, according to the USA Today Sports database. He receives a reported retention bonus of $2.6 million in each of the next three Julys.
Sources tell ESPN’s Jeff Borzello that the Kentucky deal is constructed as a contract extension until Calipari retires and then as a lifetime role as ambassador to the university.