We prove that any contact
metric (κ,μ)-space (M,φ,ξ,η,g) admits a canonical paracontact metric structure
that is compatible with the contact form η. We study this canonical paracontact
structure, proving that it satisfies a nullity condition and induces on the underlying
contact manifold (M,η) a sequence of compatible contact and paracontact metric
structures satisfying nullity conditions. We then study the behavior of that
sequence, which is related to the Boeckx invariant IM and to the bi-Legendrian
structure of (M,φ,ξ,η,g). Finally we are able to define a canonical Sasakian
structure on any contact metric (κ,μ)-space whose Boeckx invariant satisfies
|IM| > 1.