John Calipari and Kentucky are close to an extension at $8 million through 2022.
Calipari will also earn a $1.6 million longevity bonus on July 1.
Calipari's new contract is a seven-year, $54 million deal.
Calipari continues to be connected to NBA jobs, but he appears likely to remain at Kentucky at least through the 15-16 season.
Kentucky gave Calipari an extension and raise after the 2012 title to $5.2 million annually and then $7.5 million last June before the new $8 million deal.