John Calipari officially was named the head coach of the  Arkansas men’s basketball program, and the Hall of Famer will be making less with the Razorbacks than he did at  Kentucky.

Calipari, 65, signed a five-year contract starting at $7 million per season — less than the $8.5 million he was making with the Wildcats. The deal, announced Wednesday, includes a $1 million signing bonus and $500,000 retention bonuses each year of the contract, plus incentives for making the NCAA tournament and advancing deep into the tournament. There are also two automatic rollover years for NCAA tournament appearances that would extend the deal to 2031.

“By all accounts, John Calipari is one of the premier coaches in college basketball,” athletic director Hunter Yurachek said. “A national championship coach, a four-time national coach of the year and one of the nation’s top recruiters, Coach Cal has consistently demonstrated his ability to attract outstanding talent and build championship teams within the Southeastern Conference and position his programs among the best in the nation.

Calipari replaces Eric Musselman, who left last week to take over at USC.