Monday, June 9, 2014
Calipari Turned Down $80 Million To Coach The Cavs
Yahoo - Before finalizing a contract extension with the University of Kentucky late last week, John Calipari had gone deep in discussions with the Cleveland Cavaliers on a seven-year, $60 million-plus contract to become president and coach, sources told Yahoo Sports.
Cavaliers owner Dan Gilbert had been persistent in his pursuit and kept returning to Calipari in an effort to deliver full control of basketball operations, sources said.
Gilbert and Calipari had discussed a package in the range of $8 million-plus a year, sources said, and it wasn’t until midweek that Calipari finally rejected Cleveland and fully committed to his seven-year, $52 million extension at Kentucky.
If Calipari had gone to Cleveland, the plan would’ve been for new general manager David Griffin to work with Calipari in the front office, but he would’ve ceded final decisions on personnel matters to Calipari, sources said.
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