Calipari Can Leave Kentucky Owing Nothing

Posted: April 3, 2009 in Nitegator

John Calipari had four years left on his deal at the University of Memphis. Some will miss Calipari, other will not. Being that Memphis is a basketball city, I’m leaning that most will. When you take a look at Kentucky’s offer, would you have made the same decision? I’m sure many will argue that ‘money was not the issue.’ yeah RIGHT! I wonder how long Calipari thought about the offer the University of Kentucky made in this eight-year, $31.65 million agreement. Here is a summary of Calipari’s contract:

Base Salary
March 31, 2009 - March 30, 2010 $400,000
March 31, 2010 - March 30, 2011 $400,000
March 31, 2011 - March 30, 2012 $400,000
March 31, 2012 - March 30, 2013 $400,000
March 31, 2013 - March 30, 2014 $400,000
March 31, 2014 - March 30, 2015 $400,000
March 31, 2015 - March 30, 2016 $400,000
March 31, 2016 - March 30, 2017 $400,000

Broadcast and endorsement
March 31, 2009 - March 30, 2010 $3.3 million
March 31, 2010 - March 30, 2011 $3.4 million
March 31, 2011 - March 30, 2012 $3.4 million
March 31, 2012 - March 30, 2013 $3.4 million
March 31, 2013 - March 30, 2014 $3.4 million
March 31, 2014 - March 30, 2015 $2.85 million
March 31, 2015 - March 30, 2016 $2.85 million
March 31, 2016 - March 30, 2017 $2.85 million

Incentives (cumulative)
SEC Regular Season Champion $50,000
SEC Tournament Champion $50,000
Qualify for NCAA Final 16 $100,000
Qualify for NCAA Final Four $175,000
Win NCAA Title $375,000
Achieve.950 Academic
Progress Rate in any year $50,000
Graduate 75 percent each year $50,000

Retention Incentive
(Calipari receives this bonus if he is still coaching the team
on this date.)
March 31, 2014 $750,000
March 31, 2015 $1 million
March 31, 2016 $1.25 million

University Contribution to Retirement
March 31, 2009 - March 30, 2010 $40,000
March 31, 2010 - March 30, 2011 $40,000
March 31, 2011 - March 30, 2012 $40,000
March 31, 2012 - March 30, 2013 $40,000
March 31, 2013 - March 30, 2014 $40,000
March 31, 2014 - March 30, 2015 $40,000
March 31, 2015 - March 30, 2016 $40,000
March 31, 2016 - March 30, 2017 $40,000

What Calipari Owes the School if he Quits
March 31, 2009 - March 30, 2010 $3 million
March 31, 2010 - March 30, 2011 $2 million
March 31, 2011 - March 30, 2012 $1 million
March 31, 2012 - March 30, 2013 $500,000

If Calipari is fired before the deal runs out in 2017, he would be owed $3 million annually for the remainder of the contract. He may also may earn as much as $750,000 in bonuses for winning the Southeastern Conference title and National Collegiate Athletic Association basketball tournament championship. The university contributes $40,000 annually to his retirement account, provides him two cars, a golf club membership and 20 days paid vacation.
After viewing the figures, I would say Calipari thought about this within a heartbeat, I don’t see him in Memphis anymore, do you?

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