The University of Kentucky and John Calipari are close to extending the basketball coach’s current contract another year at $8 million through 2022.
Calipari is scheduled to earn a $1.6 million longevity bonus on July 1.
The new contract would be a seven-year, $54 million deal.
The news comes on the heels of the NBA’s New Orleans Pelicans firing head coach Monty Williams on Tuesday.
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Already there are reports that Calipari is on the list of candidates that the Pelicans will consider. New Orleans' roster includes two players Calipari has coached: Anthony Davis at Kentucky and Tyreke Evans at Memphis.