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Old 06-27-2011, 02:54 AM   #1
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Default Kentucky coach John Calipari signs 2-year extension

CBS Sports reports:

Kentucky will announce on Monday that John Calipari's contract has increased in value over the terms of his initial deal and been extended by two years, a source confirmed to CBSSports.com on Sunday.

Calipari's intial contract with UK was for eight years and nearly $32 million.

Sporting News reports:

Sources close to the Kentucky program told Sporting News late Sunday that Calipari agreed to an extension that will alter his bonus structure and represent a slight increase over the $31.65 million he was scheduled to earn over his initial eight-year deal.

Calipari, who earned approximately $3.8 million his first two seasons, did not desire an immediate salary increase. But a retention bonus scheduled to be paid if he remains at UK will come in 2012 rather than 2013, which was stipulated in his original deal.
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