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Calipari signs contract extension with Memphis

Updated: April 26, 2008, 5:12 PM ET
Associated Press

MEMPHIS, Tenn. -- Memphis coach John Calipari signed a contract extension through the 2012-13 season that includes an annual raise of $500,000 and a $5 million bonus if he stays through the end of the contract.

Calipari's new contract will pay him $2.35 million per year.

Calipari took the Tigers to the national championship game this year, the program's first Final Four since 1985 and first NCAA final since 1973. Memphis lost 75-68 in overtime to Kansas.

Calipari said the offer ...

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