John Calipari is now officially the head basketball coach at the University of Arkansas.
Arkansas athletic director Hunter Yurachek announced Calipari's hiring on Wednesday, adding he signed a five-year contract with a starting salary of $7 million per season:
"The contract runs through April 30, 2029 with a maximum of two automatic rollover years for NCAA Tournament appearances that would extend the contract to 2031. The deal includes a $1 million signing bonus and features retention bonuses of $500,000 each year of the contract along with one-time bonuses for making the NCAA Tournament, reaching the second round, Sweet 16, Final Four and winning a national championship.