Purdue, Painter agree to three-year contract extension
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Purdue and men's basketball coach Matt Painter have agreed to terms on a three-year contract extension, GoldandBlack.com has learned.
Painter is now under contract through the next six seasons, through 2022.
Financial terms are expected to be largely unchanged, at least in the near term, from the eight-year deal Painter signed in 2011, after he was aggressively pursued by Missouri.
Under the terms of that contract, Painter's guaranteed income was bumped to around $2.3 million annually.
The extension has not yet been signed and likely won't be formalized until later this summer, but terms have been agreed upon as a result of a process that began shortly after the Boilermakers' season ended in Denver, in a disappointing overtime NCAA Tournament loss to Little Rock.
Painter has coached his alma mater the past 11 seasons, with a record of 238-134. He's taken the Boilermakers to eight NCAA Tournaments and won one Big Ten regular season co-championship and one Big Ten Tournament title.
The three-time Big Ten Coach-of-the-Year's contract extension comes just as he returns a projected top-25 team and potential conference contender.
Additionally, the extension holds relevance in recruiting, with the 2017 class standing to be maybe the most important Painter's recruited at Purdue.
Earlier this spring, Purdue inked women's basketball coach Sharon Versyp to an extension, also through 2022.
Both contract extensions were negotiated by outgoing athletic director Morgan Burke, with standard involvement from upper university leadership, which is generally the case with big-money contracts.
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