It appears that the University of Memphis and John Calipari will continue their relationship into the foreseeable future.

According to a report by ESPN, Calipari has agreed in principle to a contract extension, but the details have not been finalized, the school announced Tuesday afternoon.

"Until we get everything resolved, I don't want to get into specifics but we've agreed to the main areas both in redoing his contract and extending his contract," said Memphis Athletic Director R.C. Johnson. "We've got some things that are not difficult but things that have to be worked out that we just have to get together to do. We wanted to redo it and extend it, and we've done that."