Athletic Director, Mike Bobinski has made a move regarding Matt Painter, and much to the chagrin of the #FirePainter crowd it is a contract extension. It was announced this morning that Coach Painter signed a two-year extension through the 2023-24 season:
In addition, effective July 1, 2019, Painter’s contract will convert to a rolling five-year term via automatic one-year extensions that could extend the agreement beyond 2023-24.
“Matt Painter is a proven winner, and he wins with integrity,” Purdue vice president and director of intercollegiate athletics Mike Bobinski said. “He has built a program that makes Boilermaker fans proud and embodies the very best of college athletics. Matt’s priorities and approach align perfectly with our values at Purdue and are evidenced by the success his players achieve on the court and in the classroom. We are excited for the future of Purdue men’s basketball under Matt’s continued leadership.”
Painter also will receive an increase to his 2018-19 compensation.
“It is an honor, and I am extremely happy and proud to be the head coach at my alma mater,” Painter said. “Purdue is a special place, and the commitment to the basketball program is apparent. I am equally appreciative of the commitment to me, and I am committed to this program, our players, our fans and this great institution. We will keep working to reach all of our goals on and off the court.”
The rolling 1-year clause essentially means Painter constantly has a five-year window for recruiting purposes. Basically, he gets an automatic one year extension at the end of each season until he retires, leaves, or is fired.
And he is not getting fired any time soon. He just led Purdue to its first 30 win season ever and is one of three active coaches in the conference with multiple Big Ten titles (Tom Izzo has eight and John Beilein has two). He is a three-time B1G Coach of the Year and has taken Purdue to 10 NCAA Tournaments and 4 Sweet 16s in 13 years.
Of course, the only thing he is missing is a Final Four, but he now will have plenty of chances to get there. This coming season he will get his 300th win at Purdue. He has 320 career wins counting his 25 at Southern Illinois. he has also put several guys in the NBA with Carl landry, E’Twaun Moore, Robbie Hummel, JaJuan Johnson, A.J. Hammons, Caleb Swanigan, and Vince Edwards getting drafted on his watch.