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John Calipari steps down at Kentucky to become Arkansas head basketball coach

Hall of Fame men’s college basketball coach John Calipari said Tuesday he is stepping down at Kentucky and has been announced as the new head coach for the University of Arkansas.

In his 15 seasons with the University of Kentucky, Calipari's led the Wildcats to seven Elite Eights, four Final Fours and the 2012 national championship.

"This is a dream job. It was my dream job. Anybody in our profession looks at the University of Kentucky in basketball and says it’s the bluest of blue," Calipari said Tuesday on social media. "The last few weeks, we've come to realize that this program probably needs to hear another voice.”

Calipari, 65, is 410-123 in Lexington. He was under contract through the 2028-29 season but will not owe the program a buyout for leaving early. He would have been owed $33 million if he had been fired by the university.

A three-time Naismith College Coach of the Year, Calipari has come under scrutiny in recent years. Kentucky lost to No. 14 seed Oakland in the first round in this year's NCAA Tournament and has failed to reach the postseason’s second weekend since 2019. The Wildcats’ last SEC title was in 2020.

Kentucky athletics director Mitch Barnhart said the program is "appreciative of John Calipari leading our program for the last 15 years, adding to the legacy of championship success at Kentucky. We’re grateful to John for his many contributions to the University, and our state, both on and off the court.

"We are working diligently to hire a proven, highly dedicated coach who embraces the importance of this program to our fans and the state of Kentucky."

Calipari was announced as the new Arkansas head coach on Wednesday, after Eric Musselman left the position for the same role at Southern California last week.

Kentucky boasts the No. 2 recruiting class in the 2024 class, according to 247Sports. It is unclear whether those players will stay with the Wildcats following Calipari’s departure.

This article was originally published on NBCNews.com