Saturday, May 5, 2012

Kentucky gives Calipari raise following title

Kentucky coach John Calipari is getting a raise following the Wildcats' NCAA basketball title in April.

The school says Friday it awarded an 8.3 percent increase annually in compensation from media rights and endorsements over the remaining seven years of his deal for a guaranteed $36.5 million.

Calipari will receive $5.2 million annually from endorsements, base salary and retention bonuses for each of the next six years. The deal increases to $5.3 million in 2018-19. He can also earn up to $850,000 a year in performance bonuses.

Kentucky also announced it had extended the contracts of assistant coaches Orlando Antigua, Kenny Payne and John Robic.

Source: http://network.yardbarker.com/college_basketball/article_external/kentucky_gives_calipari_raise_following_title/10720463

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