John Calipari, Orlando Antigua, Kenny Payne, and John Robic sign multi-year contracts with UK

by:Mrs. Tyler Thompson05/04/12

@MrsTylerKSR

Not pictured: Kenny Payne, in the kitchen with the cake knife. Breaking news! If you like the current coaching staff, then you're in luck. UK just announced that John Calipari, Orlando Antigua, Kenny Payne, John Robic have signed multi-year contracts with UK. Mitch Barnhart had this to tweet: From ukathletics.com:
Calipari, who signed a new eight-year deal last spring, was awarded an 8.3 percent increase annually in guaranteed compensation from media rights and endorsements over the remaining seven years of his current contract. Calipari’s contract amendment also added a retention bonus of $1 million on July 31, 2015. Antigua, who has been at Kentucky for three seasons, signed a two-year deal worth $525,000 plus incentives. Payne, who just completed his second season at UK, signed a three-year deal worth $1.05 million plus incentives, and Robic, who has also been at Kentucky for three seasons, signed a two-year deal worth $575,000 plus incentives.
The increase in broadcasting/endorsements will take Cal's annual salary from $3.4 million to $3.8 million for seven more years. The annual retention bonus will take Cal's total guaranteed compensation to $5.2 million per season, with potential to earn up to $6.05 million with incentives. Following yesterday's new contract for UK Hoops coach Matthew Mitchell, this is another grand slam for Mitch Barnhart. Keep up the good work, boys.

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