John Calipari signed a contract extension to remain the coach at Memphis through the 2012-13 campaign Saturday, as reported by Yahoo.com.

The signing comes less than three weeks after the Tigers fell to Kansas in the title game.

The new contract has a total guaranteed package of $2.35M, which includes a $500,000 increase over Calipari?s 2007-08 salary. If Calipari remains at Memphis through the length of the contract, he will receive a donor-funded longevity bonus of $5M.