John Calipari has been offered a lifetime contract by Kentucky. The deal would be a combination of a head coaching extension and a paid role as an ambassador.

The offer from Kentucky comes after UCLA offered Calipari a six-year, $48 million deal. The discussions between Calipari and UCLA were more extensive than previously believed. Kentucky gave UCLA permission to speak with Calipari.

Calipari is the highest-paid basketball coach in the country, making $9.2 million this year.

The new contract won't be substantially more lucrative, but it will include a 10-year term and a promise to be a paid ambassador in retirement.