John Calipari gets $400,000 pay raise

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From USA Today…

In the wake of winning the NCAA men’s basketball championship, the University of Kentucky has increased the value of coach John Calipari’s contract by nearly $4 million.

Kentucky assistant coaches Orlando Antigua, Kenny Payne and John Robic also have signed multi-year contracts, UK athletics director Mitch Barnhart announced on Friday.

Calipari, who signed a new eight-year deal last spring, was awarded an annual $400,000 increase in guaranteed compensation from media rights and endorsements over the remaining seven years of his current contract. Calipari’s contract amendment also added a retention bonus of $1 million on July 31, 2015.

With the increase, Calipari’s guaranteed annual income will rise to $4.2 million for the 2012-13 season. If he remains at Kentucky through July 1, 2013, he also will get a $1 million retention bonus, an incentive he can achieve in all but one of the remaining years of his contract.

Among football and men’s basketball coaches at public universities, the prospective total of $5.2 million for 2012-13 would give Calipari compensation exceeded only by that set for Alabama football coach Nick Saban (a little more than $5.3 million) and Texas football coach Mack Brown (slightly lesst than $5.3 million), according to USA TODAY’s surveys of coaching compensation.

“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,” Barnhart said. “We want to show them how appreciative we are of their hard work and dedication, and how much they mean to this program.”
Antigua, who has been at Kentucky for three seasons, signed a two-year deal worth $525,000 plus incentives.

Payne, who just completed his second season at UK, signed a three-year deal worth $1.05 million plus incentives, and Robic, who has also been at Kentucky for three seasons, signed a two-year deal worth $575,000 plus incentives.

In the last three years, the Wildcats have posted a 102-14 record, including a 51-0 mark at Rupp Arena. UK won its eighth national championship in April while advancing to its second-straight Final Four. The Cats reached the Elite Eight in Calipari and his staff’s first year in Lexington.

Nine Wildcats have been selected in the NBA draft in the past two years, and draft experts have as many as six UK players projected to go in this year’s draft.

If Cal stays the entire length of his contract, UK could have 50 players in the NBA by the time it’s all said and done. Great job by Mitch Barnhart to secure the entire staff.

UCLA here we come.

(source: here)

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