MEMPHIS, Tenn. - University of Memphis Director of Athletics R.C. Johnson announced Saturday that John Calipari has signed a contract extension which will keep the renowned head coach at the helm of the Tiger basketball program through the 2012-13 season.
Calipari's new contract now has a guaranteed salary of $2.35 million per season which reflects a $500,000 increase over his 2007-08 salary. In addition, if Calipari remains the Tigers' head coach through the 2012-13 campaign, he will receive a donor-funded longevity bonus of $5 million.
"My position has never wavered," said Calipari. "As long as the school was committed to having a top-10 national program, I wanted to stay. Obviously, I feel that this has been done in the past and will continue to be done in the future."
Memphis, under Calipari's guidance in 2007-08, won an NCAA Division I record 38 games (38-2 record) in advancing to the NCAA title contest. The Tigers, which began 2007-08 with a school-record 26-straight wins, moved into the No. 1 spot in the national polls in January.