Calipari buyout after 2023-24 season

[SemperFiCat]

It’s not guaranteed in that they can just get rid of him. That contract also only goes through 2029. In a perfect world, he steps down from coaching after this year and then moves into the administrative role. Kentucky then fires him 6 months later and only owes him the buyout of the administrative job through 2029, which would be less than $5 million.

Unless the Spec. Ass. to AD position is essentially his 'studio gig' stop gap until another school comes calling with bags of money. The classic 'dream opportunity I just can't pass up' garbage.

 

[kywildcat41086]

The current number is over 33 million at seasons end. After this season, he could elect to retire and accept the Asst. AD/Ambassador role, at essentially 1 million a year plus. He could also take another head coaching job and be owed nothing.

Brainfart is such a complete and total dumbass.

John Calipari Contract and Salary Breakdown at Kentucky​

Signed: June 13, 2019
Term: 10 years
Base Salary: $400,000

John Calipari supplemental pay remaining by year:​

​

2023-24: $8,100,000​

2024-25: $8,100,000​

2025-26: $8,600,000​

2026-27: $8,600,000​

2027-28: $8,600,000​

2028-29: $8,600,000​

Unlike many coaches, particularly ones who have been at their school for as long as Calipari, who took the Kentucky job in 2009, Calipari doesn’t have a retention bonus or any real bonus structure tacked onto his contract. The only additional compensation he is entitled to be a $50,000 bump if the Wildcats achieve a 975 APR score in an academic year.

In guaranteed money, this means Calipari will make $8,500,000 this year, as well as the next year before that number jumps to $9,000,000 for the remainder of his contract.

This contract isn’t guaranteed to last through 2028-29, however. After the 2023-24 season, Calipari will have a chance to opt out of the deal and accept a role as Special Assistant to the Athletic Director. If he were to exercise that option, Calipari would keep his $400,000 base salary for the remainder of his contract, along with an additional $550,000 per year in supplemental pay. That would make his total compensation $950,000 per year.

John Calipari Buyout Details

In addition to Calipari taking the special assistant opt-out, there are two other ways this could all end early: Calipari can elect to step away, or Kentucky can fire him.

If Calipari leaves, for another head coaching job, he can do so without paying any sort of penalty. His buyout is $0.
But if Kentucky wants to fire him without cause, the school is going to owe him 75% of what remains in base and supplemental pay. Here’s how that breaks down by year:

• 2023-24: $33,375,000
• 2024-25: $27,000,000
• 2025-26: $20,250,000
• 2026-27: $13,500,000
• 2027-28: $6,750,000

Additional Perks​

In addition to his pay, Calipari is entitled to the following, per his contract:

• Two “late model, quality automobiles” for his official and personal use
• 20 lower-level tickets to all home and away men’s basketball games
• 8 tickets to all home football games
• 10% university contribution to his retirement account
• 20 paid vacation days per year
• University-paid membership to a local golf or country club

Man his agent bent UK over and didn’t offer any KY Jelly…..

 

[CatPhight]

Man his agent bent UK over and didn’t offer any KY Jelly…..

Brainfart still has a sore throat...

 

[TriCountyCat]

Mitch has got to go. Every program is on the decline and he has empowered these coaches to feel like they are untouchable.

 

[Boyd94]

You would think that crappy results would fall under just cause for firing.

 

[kywildcat41086]

Mitch has got to go. Every program is on the decline and he has empowered these coaches to feel like they are untouchable.

Exactly it really starts at the top and Mitch is HORRIBLE and has got to go!

 

[KyLegacy]

This is disgusting and beyond sad. Almost $9 mill a freaking year for below average results. What a joke.

 

[WildcatforLife1965]

5 MORE YEARS??????!!!!!!! Are you crazy? I wouldn’t give him 5 more weeks. Flame out in the first round, send the moving trucks and ship him and his mutt to Nashville.

 

[rick64]

The current number is over 33 million at seasons end. After this season, he could elect to retire and accept the Asst. AD/Ambassador role, at essentially 1 million a year plus. He could also take another head coaching job and be owed nothing.

Brainfart is such a complete and total dumbass.

John Calipari Contract and Salary Breakdown at Kentucky​

Signed: June 13, 2019
Term: 10 years
Base Salary: $400,000

John Calipari supplemental pay remaining by year:​

​

2023-24: $8,100,000​

2024-25: $8,100,000​

2025-26: $8,600,000​

2026-27: $8,600,000​

2027-28: $8,600,000​

2028-29: $8,600,000​

Unlike many coaches, particularly ones who have been at their school for as long as Calipari, who took the Kentucky job in 2009, Calipari doesn’t have a retention bonus or any real bonus structure tacked onto his contract. The only additional compensation he is entitled to be a $50,000 bump if the Wildcats achieve a 975 APR score in an academic year.

In guaranteed money, this means Calipari will make $8,500,000 this year, as well as the next year before that number jumps to $9,000,000 for the remainder of his contract.

This contract isn’t guaranteed to last through 2028-29, however. After the 2023-24 season, Calipari will have a chance to opt out of the deal and accept a role as Special Assistant to the Athletic Director. If he were to exercise that option, Calipari would keep his $400,000 base salary for the remainder of his contract, along with an additional $550,000 per year in supplemental pay. That would make his total compensation $950,000 per year.

John Calipari Buyout Details

In addition to Calipari taking the special assistant opt-out, there are two other ways this could all end early: Calipari can elect to step away, or Kentucky can fire him.

If Calipari leaves, for another head coaching job, he can do so without paying any sort of penalty. His buyout is $0.
But if Kentucky wants to fire him without cause, the school is going to owe him 75% of what remains in base and supplemental pay. Here’s how that breaks down by year:

• 2023-24: $33,375,000
• 2024-25: $27,000,000
• 2025-26: $20,250,000
• 2026-27: $13,500,000
• 2027-28: $6,750,000

Additional Perks​

In addition to his pay, Calipari is entitled to the following, per his contract:

• Two “late model, quality automobiles” for his official and personal use
• 20 lower-level tickets to all home and away men’s basketball games
• 8 tickets to all home football games
• 10% university contribution to his retirement account
• 20 paid vacation days per year
• University-paid membership to a local golf or country club

Thanks a lot Mitch. 😡

 

[Jakerz]

Tucker made a post on Twitter about how he asked cal before if he would resign and take the one million and his answer was clear. He absolutely wouldn’t take the cut.

So the only way to get him out is to make him want to leave. That starts with the fans

 

[yoshukai]

The current number is over 33 million at seasons end. After this season, he could elect to retire and accept the Asst. AD/Ambassador role, at essentially 1 million a year plus. He could also take another head coaching job and be owed nothing.

Brainfart is such a complete and total dumbass.

John Calipari Contract and Salary Breakdown at Kentucky​

Signed: June 13, 2019
Term: 10 years
Base Salary: $400,000

John Calipari supplemental pay remaining by year:​

​

2023-24: $8,100,000​

2024-25: $8,100,000​

2025-26: $8,600,000​

2026-27: $8,600,000​

2027-28: $8,600,000​

2028-29: $8,600,000​

Unlike many coaches, particularly ones who have been at their school for as long as Calipari, who took the Kentucky job in 2009, Calipari doesn’t have a retention bonus or any real bonus structure tacked onto his contract. The only additional compensation he is entitled to be a $50,000 bump if the Wildcats achieve a 975 APR score in an academic year.

In guaranteed money, this means Calipari will make $8,500,000 this year, as well as the next year before that number jumps to $9,000,000 for the remainder of his contract.

This contract isn’t guaranteed to last through 2028-29, however. After the 2023-24 season, Calipari will have a chance to opt out of the deal and accept a role as Special Assistant to the Athletic Director. If he were to exercise that option, Calipari would keep his $400,000 base salary for the remainder of his contract, along with an additional $550,000 per year in supplemental pay. That would make his total compensation $950,000 per year.

John Calipari Buyout Details

In addition to Calipari taking the special assistant opt-out, there are two other ways this could all end early: Calipari can elect to step away, or Kentucky can fire him.

If Calipari leaves, for another head coaching job, he can do so without paying any sort of penalty. His buyout is $0.
But if Kentucky wants to fire him without cause, the school is going to owe him 75% of what remains in base and supplemental pay. Here’s how that breaks down by year:

• 2023-24: $33,375,000
• 2024-25: $27,000,000
• 2025-26: $20,250,000
• 2026-27: $13,500,000
• 2027-28: $6,750,000

Additional Perks​

In addition to his pay, Calipari is entitled to the following, per his contract:

• Two “late model, quality automobiles” for his official and personal use
• 20 lower-level tickets to all home and away men’s basketball games
• 8 tickets to all home football games
• 10% university contribution to his retirement account
• 20 paid vacation days per year
• University-paid membership to a local golf or country club

There will never be a future circumstance where Cal and Barnhart are working together.