UPDATED: Purdue, Painter Agree To New Eight-Year Contract (With Player Comments) Painter: 'At the end of the day, my heart is at Purdue, and this is a place where I want to win a national championship.'
WEST LAFAYETTE, Ind. - Purdue University and head men's basketball coach Matt Painter have agreed on a new eight-year contract through the 2018-19 season.
The contract has a guaranteed compensation of $2.3 million per year - which places Painter third among Big Ten Conference men's basketball coaches - with additional opportunities for incentive compensation based upon academic and athletic excellence that would place him in the top 10 nationally.
"I am thrilled, like thousands of Boilermakers everywhere, that Coach Painter has decided to stay at Purdue," University President France A. Córdova said. "It's clear that Coach Painter is looked up to as a role model by all our students. He's brought passion, energy and a winning way to Purdue basketball. My thanks to Morgan Burke and everyone who insured that Matt is staying. And a special thanks to the fan base: Matt could hear you cheering for him across the country."
Athletics director Morgan Burke echoed Córdova's enthusiasm.
"We are thrilled to announce that Matt will continue his leadership of our men's basketball program at his alma mater," Burke said. "He has been at the helm of the winningest four-year period in the storied history of Boilermaker basketball, and we pledge to work with him to win championships. We are committed to providing the resources necessary for Matt and his staff to be in a competitive position in all aspects of the program."
Said Painter: "I am extremely excited about continuing my career at Purdue. I believe we have built something very special. At the same time, I feel we have much more ahead of us to accomplish.
"There's a lot to be excited about right now with Purdue basketball. We are moving into our new offices and locker room complex over the next couple of weeks. Our program is built on hard work, and we are ready to get back to improving as a team and staff.
"At the end of the day, my heart is at Purdue, and this is a place where I want to win a national championship."
In six seasons at the Purdue helm, Painter has compiled a 138-64 record (.683 winning percentage), including a 66-38 mark (.635 winning percentage) in Big Ten play.
Purdue is one of eight programs in the nation to win at least 25 games each of the last four seasons. The Boilermakers' 107 victories from 2008 to 2011 are the most in school history for a four-year time period. Painter's teams have finished no lower than tied for second place in the Big Ten each of the last four years.
The Muncie, Ind., native guided the Boilermakers to their first-ever Big Ten Tournament title in 2009 and a share of the 2010 Big Ten regular-season championship, the program's first in 14 years. Purdue has qualified for the NCAA Tournament in each of the last five seasons, advancing to consecutive Sweet 16s in 2009 and 2010.
Painter recently earned his third Big Ten Coach of the Year award in four seasons, placing him alongside former Purdue head coach Gene Keady, Ohio State's Thad Matta and former Indiana coach Bob Knight as the only men to win the award at least three times since its inception in 1974.
Following a 26-8 campaign in 2010-11 that featured just the second undefeated home slate in the history of Mackey Arena, Painter was named both USBWA District V and NABC District 7 Coach of the Year.
Painter has also earned renown as a coach in the international arena, winning a gold medal as an assistant for Team USA at the 2009 FIBA U19 World Championship. In January, he was tabbed to lead the United States' squad at the 2011 World University Games in Shenzen, China.