It was announced earlier today that Purdue and head coach Matt Painter have agreed to a three year contract extension that will run through the 2021-22 season.
#Purdue coach Matt Painter confirms he has an agreement on a three-year context extension. Won't be finalized until later this summer.— Nathan Baird (@nbairdjc) July 17, 2016
The extension, while confirmed by Painter himself, may not be finalized until later on in August when Purdue's Board of Trustees meet according to the Journal & Courier's Nathan Baird. The news of the extension was also confirmed by Tom Schott, Purdue's senior associate athletics director for communications.
As of now the financial details haven't been made available, but the extension makes sense for a number of reasons. Besides a laundry list of accolades achieved at Purdue, including winning Big Ten Coach of the Year three times and winning the Big Ten Tournament in 2009, Painter has done a commendable job turning the program around the last two seasons and getting Purdue back on track. While there was a notable downturn in 2012-13 and 2013-14, the Boilermakers have returned to the NCAA Tournament the past two seasons.
The decision to extend Painter's contract is also a move likely dealing with the upcoming recruiting classes in 2017 and 2018. The 2017 class could be key for Purdue heading forward, especially with several players (Caleb Swanigan, Vince Edwards, possibly even Isaac Haas) that could declare for the draft after next season. With Purdue needing to capitalize on a strong 2017 recruiting class, maintaining stability at the head coach spot was a must.
Painter's most recent extension came in 2011. Of course that came when rumors ran rampant that Painter would be heading to Missouri, with some reporters even claiming that Painter to Missouri was actually happening. When everything was said and done, though, Painter stayed in West Lafayette and was able to get past his two worst seasons at Purdue since his first year with the program.
Now Painter is coming off of a 26 win season and has his Boilermakers set to contend at the top of the Big Ten. The 2016-17 season will be Painter's twelfth season as the Boilers head coach and with a new extension in hand, should allow Painter to focus fully on the future via recruiting.
Only three coaches have spent more time at Purdue then Painter, including his predecessor Gene Keady. Painter's 238 wins at Purdue is the third most in the program and his .640 winning percentage is about on par with Gene Keady's .655 winning percentage. Painter has also done a remarkable job maintaining consistency at Purdue as the coach has led the team to the NCAA Tournament in eight of his eleven seasons at Purdue.
While things may have been problematic a few years back, Painter has done a commendable job getting things turned around and it's a good sign that Purdue has decided to extend their coach's contract through 2022.