Calipari signs contract extension with Memphis
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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