Kentucky has agreed to a contract extension with head coach John Calipari that will see him finish his career with the Wildcats, a school official told ESPN.
"We can confirm that the University of Kentucky has agreed on terms for a long-term contract with Coach Calipari to finish. His career at Kentucky, a school spokesman said.
Calipari also confirmed the news on his radio show.
"It has nothing to do with other stuff … people call every year," he said. "They gave it to me and I appreciate it."
"Where else would I want to coach?" he added.
Calipari, whose current contract in Kentucky runs through 2024, is the highest paid basketball coach in the country, with a total compensation of $ 9.2 million this year, according to the USA Today Sports database. He also receives a reported retention bonus of $ 2.6 million in each of the next three Julys.
Kentucky went 30-7 this season, earning 2-seed in the NCAA tournament and advancing to the Elite Eight before losing to the Auburn 77- 71
Calipari has been four to four Final Fours in Kentucky, in 2011, 2012, 2014, and 2015, winning the national championship in 2012. The Wildcats have advanced to the The second weekend of the NCAA tournament but falls short of the Final Four.
Calipari, 60, has a 305-71 record at Kentucky and the official life record of 708-209. He has led his teams to the NCAA tournament 20 times in 27 seasons, with four official Final Fours and one title.
Calipari has twice taken the teams to the Final Four only to have the wins vacated by the NCAA. His 2007-08 Memphis team, who lost to Kansas in the title game, was forced to vacate all 38 wins from the season, including five NCAA tournament wins because the star player Derrick Rose's SAT score was invalidated. Calipari's UMass team's Final Four appearance in 1996 was erased after it was determined star player Marcus Camby had accepted money from two sports agents.