May 5 (Bloomberg) -- University of Kentucky men’s basketball coach John Calipari had incentives of almost $4 million added to his contract after the Wildcats’ national championship last month.
The 53-year-old coach signed an eight-year deal last June that will pay him at least $36.5 million should he stay through the 2018-19 season. His new agreement, announced yesterday on the school’s athletics website, provides a $400,000 annual increase in compensation from media rights and endorsements, which amounts to $2.8 million total over the remaining seven years of the agreement.
The school also added a $1 million retention bonus should Calipari still be with the team on July 31, 2015, and extended multiyear contracts totaling $1.2 million before bonuses to assistants Orlando Antigua, Kenny Payne and John Robic.
“It’s rare, in this day and age, to be able to keep a staff together that has helped produce a national championship and back-to-back Final Four runs,” Kentucky Athletic Director Mitch Barnhart said on the website.
The Wildcats are 102-14 in their last three seasons, including a 51-0 record at Rupp Arena in Lexington. In April, the team defeated the University of Kansas 67-59 to win its eighth National Collegiate Athletic Association tournament title, and first since 1998.
Nine Wildcats have been selected in the National Basketball Association draft in the past two years. Last month, the team’s entire starting lineup, all underclassmen, said they would enter the league’s annual player selection.
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