Memphis, TN -- (Sports Network) - The University of Memphis rewarded men's head basketball coach John Calipari with a contract extension Tuesday, agreeing in principle to a deal in which details have not been released.

His original contract had him with the school through the 2011-12 season.

Calipari guided the Tigers to the best season in school history in 2007-08. Memphis posted an NCAA Division I record 38 victories (38-2 overall record) and advanced to the NCAA Tournament championship game, which they lost to Kansas, 75-68, in overtime.

The Tigers swept the Conference USA regular season and tournament titles and held the top spot in the national polls for a school-record five-straight weeks.

Calipari has amassed an overall record of 412-136. He became the second Division I coach in history to win 400 games in his first 16 seasons, joining Roy Williams.

Over eight seasons with Memphis, he has posted a 219-65 record, including a 104-10 mark in the past three seasons, which is tied with Kentucky (1996-98) for the most victories in a three-year span by a Division I team.

He also became the second coach in Division I history to win 30 or more games in three-consecutive years (2006-08), joining Adolph Rupp of Kentucky. UCLA's Ben Howland was the third coach to join the three-season 30-win group later in 2007-08.