Memphis coach John Calipari yells at officials during the first half of a men's NCAA college basketball tournament regional semifinal against Missouri in Glendale, Ariz., Thursday, March 26, 2009. (AP Photo/Mark J. Terrill)
John Calipari agreed Tuesday to leave Memphis and the dominant program he built and take on the challenge -- and riches -- of returning Kentucky to college basketball glory.
Calipari will receive an eight-year, $35 million deal, making him the highest-paid coach in college basketball, ESPN.com reported, citing an unidentified source. He will get a $2.5 million signing bonus and $3 million per year for the first four years. The next four years, Calipari will get an additional $1.5 million per year, increasing his salary to $4.5 million with incentives pushing it up to $35 million.
A person close to the negotiations, who spoke on the condition of anonymity because a contract hadn't been signed, told The Associated Press that Calipari was on his way to Lexington to finalize the agreement.