This was the Cavs masterplan to lure LeBron back to Cleveland. I doubt it would have worked, but Dan Gilbert threw the kitchen sink at Calipari and still got turned dow.
NBA coaching sources have told ESPN.com‘s Marc Stein that the Cleveland Cavaliers‘ recent pitch to Kentucky coach John Calipari was a 10-year offer worth nearly $80 million and included the role of coach and team president.
Kentucky on Thursday announced that Calipari has been signed to a new seven-year deal worth $52.5 million guaranteed.
Sources told ESPN’s Andy Katz that Kentucky’s new deal with Calipari was completed in April and that the Cavs’ proposal was made within the past two weeks.
The Cavs are still hoping LeBron will come back, but I believe that is wishful thinking.