Matt Painter agrees to contract extension with Purdue, jumps into top 10 of highest-paid coaches

Painter will earn a reported $7 milllion this season in a new deal running through the 2030-31 season Purdue coach Matt Painter is set to become one of the highest-paid coaches in college basketball during the 2026-27 season after signing an extension with the program on Tuesday. ESPN reported that Painter's new salary this season will be $7 million, up from $4.9 million last season, which would place Painter somewhere in the top 10 of highest paid coaches according to the annual database of salaries compiled by USA Today in April. Painter ranked 16th among all Division I coaches in salary last season. He is the second coach ranked in the top 20 to get a significant contract extension this offseason, joining Florida coach Todd Golden, who signed a six-year, $49.5 million deal in August that raised his salary to $7.5 million.

"Purdue is a very special place for me, and it's an honor to continue to be the head basketball coach at my alma mater," Painter said in a release. "I'm humbled that the Purdue administration continues to put their faith in me to lead this program, and am excited to continue to elevate our program with class and strive to reach all of our goals on and off the court." Painter has racked up 501 wins at Purdue