Similar Stories to Arkansas Hires John Calipari To Coach The Razorbacks, A Day After Stepping Down From Kentucky on Bing News

FAYETTEVILLE, Ark. (AP) — Arkansas hired John Calipari as men’s basketball coach on Wednesday, a day after the Hall of Fame coach stepped down from the Kentucky program he led to the 2012 NCAA championship. The 65-year-old Calipari signed a five-year contract with an annual base salary of $7 million through April 2029 with a maximum of two automatic rollover years for NCAA Tournament appearances that would extend the contract to 2031. The deal includes a $1 million signing bonus and features retention bonuses of $500,000 each year of the contract along with one-time bonuses for making the NCAA Tournament, reaching the second round, Sweet 16, Final Four and winning a national championship. Kentucky had been paid Calipari $8.5 million annually. Calipari is the winningest active coach in men’s college basketball, with a career record of 855-263 in stops at Massachusetts, Memphis and Kentucky.

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