Update on Calipari from ESPN

Coach John Calipari is spending Monday meeting with Memphis officials and contemplating what is expected to be a multiyear, multimillion offer to coach Kentucky, a source close to the situation said.

Calipari met with Kentucky officials on Sunday at an undisclosed location, at which time he was given an outline of length of deal and contract dollars, the source said.

But more than the money, Calipari has to decide if he wants to leave a program in Memphis that he has transformed into a national championship contender for one of the most tradition-rich programs in the sport that has recently fallen upon hard times.

Calipari's top recruit, DeMarcus Cousins, has made an oral commitment to Memphis, but because national letters of intent do not have to signed until next month, Cousins could easily follow Calipari to Kentucky if he were to become the Wildcats' coach.

Calipari has a longstanding rivalry with Louisville coach Rick Pitino, who coached Kentucky to a national championship in the 1990s, and would have the opportunity to go head to head with him within the borders of a state that has perhaps the most passionate fans of the sport.

Andy Katz is a senior writer for ESPN.com.