John Calipari has agreed to a lifetime extension with Kentucky.
Calipari had been in contact with UCLA and was offered a six-year, $48 million deal.
"It has nothing to do with the other stuff ... people call every year," he said. "They presented it to me and I appreciate it."
Calipari's deal is structured as an extension until he retires and then he will become an ambassador for the remainder of his life.
Calipari has been to four Final Fours with Kentucky, in 2011, 2012, 2014 and 2015, winning the national championship in 2012.
Calipari has also received interest to return to the NBA.