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Calipari signs contract extension worth $52.5 million

LEXINGTON, KY (WTVB) - Kentucky has rewarded head coach John Calipari with a new seven-year contract worth a total of $52.5 million plus incentives. The new 7-year pact replaces the eight-year deal Calipari inked back in June of 2011 and will keep the 55-year-old bench boss under contract through 2021.

Calipari led Kentucky to its second national championship game in three years last season, but the Wildcats fell just short of duplicating their 2012 title run, dropping a 60-54 decision to Connecticut back in April.