A report surfaced on ESPN.com on Monday night that the Cleveland Cavaliers recently offered Kentucky men's basketball head coach nearly $80 million to be the team's new head coach.
The deal, reportedly, would have stretched out over 10 years. It would have also offered Calipari a role as the Cavs' team president.
Last Thursday, Kentucky announced that Calipari and the university had reached an agreement on a new seven-year deal that would be worth $52.5 guaranteed.
According to ESPN's Andy Katz, the new deal that Calipari signed with Kentucky was agreed upon in April, while the Cavaliers' late-game offer had come within the last two weeks.
Sources indicated that Cleveland's pursuit of Calipari could be linked to LeBron james, who is known to be a good friend of the Wildcats' coach. The thought being that if Calipari was hired as coach, it could lure James to return to Cleveland.
James can opt out of his contract with the Miami Heat thissummer.
James' contract with the Heat actually has three more years on it, each of which with the option to opt out.
Many believe he will once again test the free-agent waters this summer. His Heat will play Game 3 of the NBA Fianls tonight in South Beach against the San Antonio Spurs.
CAVALIERS SET TO GIVE ALVIN GENTRY SECOND INTERVIEW
CLEVELAND -- A person familiar with the Cavaliers' coaching search says Los Angeles Clippers assistant Alvin Gentry will have a second interview for the vacancy.
Gentry is the first known candidate to meet for a second time with the Cavs, who fired Mike Brown -- for the second time -- on May 12. Gentry's second meeting has not yet been scheduled, said the person who spoke Monday to The Associated Press on condition of anonymity because the team was not making its plans public.
The Cavs hope to have a coach in place before the June 26 NBA Draft. Cleveland has the No. 1 overall pick.
Gentry previously worked in Phoenix with new Cavs general manager David Griffin.