Kentucky spokesman DeWayne Peevy said in a tweet to the media Friday that UK and men's basketball coach John Calipari are working on a contract extension to "ensure that he has (a) long tenure at Kentucky."
Athletic Director Mitch Barnhart followed with a tweet that said a formal announcement would be coming soon.
"Cal and I are (on) the same page and share some of the same thoughts on our careeers and I'd like to align his contract with my current 8-yr deal," Barnhart said via Twitter. "Once we get a finalized contract, we'll make a formal announcement."
Calipari is currently in the third year of an eight-year contract worth $31.65 million plus incentives.
We'll have coverage in the following weeks once the extension is signed.