John Calipari contract: Salary, length and bonuses with Arkansas basketball

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FAYETTEVILLE, Ark. — Arkansas basketball made things official Wednesday by announcing John Calipari as the program’s 14th head coach.

According to the contract obtained by USA TODAY Sports, Calipari signed a five-year deal that runs through 2029 with the Razorbacks. There is also a maximum of two automatic rollover years for NCAA Tournament appearances that would extend the contract to 2031.

Below is a look at more details from Calipari’s contract with the Hogs.

John Calipari’s salary with Arkansas basketball

Calipari will have a starting salary of $7 million per year. He also receives a $1 million signing bonus and features retention bonuses of $500,000 each year of the contract.

More: COLUMN: Hiring John Calipari elevates Arkansas basketball’s place in national pecking order

More: ‘It’s another level’: What impact will John Calipari have on Arkansas basketball recruiting?

The salary maintains Calipari’s standing as the second-highest-paid coach in college basketball, according to a database compiled by USA TODAY Sports. Private schools are not included in the database.

The contract also makes Calipari the highest-paid coach in the history of Arkansas athletics, surpassing Sam Pittman. It’s nearly double Eric Musselman’s $4.2 million compensation during his final season with the Razorbacks.

Jan 27, 2024; Fayetteville, Arkansas, USA; Kentucky Wildcats head coach John Calipari during the game against the Arkansas Razorbacks at Bud Walton Arena. Kentucky won 63-57. Mandatory Credit: Nelson Chenault-USA TODAY Sports

Calipari’s potential salary increases through the NCAA Tournament

Calipari could make a significant amount of money if he guides the Razorbacks deep into March Madness. Below is a look at all how Calipari could increase his compensation amount based off on-court achievements.

$50,000 in the event Arkansas appears in the NCAA Tournament.

$100,000 in the event Arkansas advances to the Round of 32.

$250,000 in the event Arkansas advances to the “Sweet Sixteen”.

$350,000 in the event…

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Source link : https://sports.yahoo.com/john-calipari-contract-salary-length-151543050.html

Author : Ft. Smith Southwest Times Record

Publish date : 2024-04-10 15:15:43

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