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Report: John Calipari Rejected $60 Million Offer from Cleveland Cavaliers

Before signing back on with the Kentucky Wildcats, head coach John Calipari was reportedly offered $60 million from the Cleveland Cavaliers, but turned them down. Cleveland was willing to make him president and coach of the team.

Before re-signing with Kentucky, head coach John Calipari (left) turned down a $60 million offer from the Cleveland Cavaliers - Mandatory Credit: Mark Zerof/USA TODAY Sports

Before re-signing with Kentucky, head coach John Calipari (left) turned down a $60 million offer from the Cleveland Cavaliers – Mandatory Credit: Mark Zerof/USA TODAY Sports

Following this past college basketball championship game between the Kentucky Wildcats and UConn Huskies, speculation started swirling over both head coaches – John Calipari and Kevin Ollie.

However, their potential switch to the NBA was to no avail, as both signed back on with their respective schools to avoid moving to the pros. Each coach has built a stable foundation where they tutor, and mentor at two of the most historical basketball schools in the nation.

One of them apparently turned down a substantial offer to stay at their school though.

According to Adrian Wojnarowski and Brett Dawson of Yahoo Sports, Calipari reportedly walked away from a seven-year, $60 million offer from the Cleveland Cavaliers, in which the organization wanted him to become the new coach and president.

Wojarnowski and Dawson reported that Calipari was in “deep” discussions with Cleveland about taking complete control of basketball operations and garnering an $8 million per year pay stub. However, he turned them down midweek, and ultimately decided to return to Kentucky on a seven-year, $52 million extension.

Despite a push from a well-below average club, Calipari was reportedly interested in Cleveland because of Kyrie Irving and their No. 1 overall pick in this year’s NBA Draft. Though, there were concerns on if he could work alongside owner Dan Gilbert, whose been known to step-in and take command.

Calipari has not been in the NBA since 1999, in which he was the president and coach of the New Jersey Nets.

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