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.