MEMPHIS, Tn - John Calipari and Kentucky inched ever closer to a deal on Monday night that could make him the highest-paid coach in the country, a source close to the situation said.
While Calipari met with Memphis officials, representatives for both sides were working out details of an agreement. Sources told ESPN.com that the offer is believed to be for eight years and around $35 million.
One source close to the situation said that the deal could be ironed out by later Monday eveing.
Florida's Billy Donovan is currently the highest-paid coach in the country, securing a deal for $3.5 million per year after his second national championship.
Calipari had a morning meeting with his players to discuss his interest in the Kentucky opening, and players came away convinced their coach would leave for Lexington, the Memphis Commercial Appeal reported, citing a source close to the situation.
Calipari met with Kentucky officials on Sunday at an undisclosed location, at which time he was given an outline on the length of a deal and contract dollars to succeed Billy Gillispie, the source said.
Kentucky acknowledged Monday that it had asked for, and received, permission from Memphis to speak to Calipari.
Calipari took Memphis to the National Championship game last year before falling to Kansas. This year the Tigers advanced to the Sweet 16 before being knocked out by Missouri.