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Thursday, April 19, 2007

John Calipari's Latest Contract Signed and Sealed

John Calipari's Latest Contract Signed and Sealed

Eyewitness News ABC 24 Memphis
Apr 18, 2007 10:53 PM
Posted By: Jamie Griffin

The sixth amendment to Memphis basketball coach John Calipari's contract has been signed. Below are some of the highlights of the new agreement:

1. Calipari's Radio and Television arrangement has been raised from $460,000 to $733,000.
2. Calipari gets a bonus if the Tigers win 74% of their games, and a bigger bonus if the team wins 81% of their contest.
3. Calipari receives a bonus if the team reaches academic goals, based on a system calculated by the NCAA.
4. Calipari's public relations agreement with the university increased from $460,000 to $733,000.
5. $30,000 of Calipari's shoe sponsorship will be paid to the University on the condition that the University use those funds to compensate each of his three assistants coaches $10,000.

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