John Calipari left Kentucky to join Arkansas on a five-year, $38.5 million contract with bonuses that could increase the amount to seven years and almost $60 million. 

The new partnership will include an NIL fund worth “at least” $5-7 million.

Sources tell The Athletic that Calipari still regrets turning down the UCLA job in 2019. Kentucky kept Calipari on a 10-year, $86 million deal that UCLA couldn't match.

Arkansas hasn't reached the Final Four since 1995.

John Calipari is finalizing a five-year deal to become the next coach at Arkansas, sources told ESPN on Sunday night, a blockbuster move that will shake up the SEC and college basketball landscape.

The deal is expected to be completed in the next 24 hours.

Calipari is the second-highest-paid coach in the country at Kentucky, earning more than $8.5 million per year. Arkansas is believed to have offered Ole Miss' Chris Beard in the neighborhood of $5 million when it pursued him following Eric Musselman's decision last week to leave for USC, sources told ESPN.

Eric Musselman will leave Arkansas to become the next head coach of USC.

The deal is not yet done, but is expected to be reached.

Musselman will replace Andy Enfield, who left USC to become head coach of SMU. 

Musselman was hired by Arkansas in 2019 after his stint with Nevada. Musselman was previously a head coach in the NBA with the Golden State Warriors and Sacramento Kings.