Rumors are swirling around the future of John Calipari, the head coach of the Kentucky Wildcats. The fate of Calipari seems to be hanging in the balance, with Kentucky's Athletic Director, Mitch Barnhart, reportedly considering a $33 million buyout to end Calipari's contract.
According to insider Matt Jones:
"The decision is all in Barnhart’s hands. I get the sense that if he decides he wants to move on, the money will be there for reasons."
Jones also highlighted the uncertainty surrounding Barnhart's mindset, with the University leadership purportedly supportive of his decision-making process. Jones suggested that a resolution might be reached by Monday, if not sooner.
"There is a sense of nervousness with everyone around the program bc no one is really sure where Barnhart’s mind is right now on it. I am told the University leadership is supportive of whatever he decides. I think we know something by Monday, if not before," Jones added.
The situation escalated following Kentucky's unexpected loss to Oakland in the first round of the NCAA Tournament, intensifying calls for change within the program.
Despite John Calipari's 10-year contract extension in 2018-19, which was fueled by previous successes including one national title, four Final Fours, and seven Elite Eights, pressure remains due to consecutive early exits from March Madness and a growing gap since the team's last Final Four appearance in 2015.
John Calipari's expensive buyout at Kentucky
Kentucky would owe Calipari around $35 million if it terminates his contract by April 1 without cause.
This substantial sum was negotiated during a period when Calipari entertained interest from UCLA, resulting in what was dubbed a "lifetime contract," albeit technically a 10-year deal totaling $86 million.
The buyout seems steep, but major programs have paid hefty sums before. For instance, Texas A&M shelled out over $75 million to fire football coach Jimbo Fisher.
Though Calipari has won 32 of 43 NCAA Tournament games, his teams have struggled recently, going 10-7 since 2014-15.
John Calipari receives $8.54 million yearly, making him the second-highest-paid coach in college basketball.
His pay dwarfs others in the SEC. The gap is nearly $3 million between Calipari and Auburn's Bruce Pearl, who is paid $5.72 million.
It remains to be seen how negotiations unfold in the coming days.
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