Matt Painter Gets Raise on Purdue Contract, Full Details Revealed Ahead of 2026-27 CBB Season

Purdue head coach Matt Painter's contract was updated heading into the 2026-27 college basketball season.

According to ESPN's Pete Thamel , Painter and the school agreed to an amended contract that includes a salary raise from $5.2 million to $7 million for the upcoming season. He'll now be among the 10 highest-paid coaches in the sport.

The deal also escalates by $50,000 each year, per Thamel.

Painter is under contract through the 2030-31 season following the agreement, per the Associated Press (h/t ESPN ).

He's entering his 22nd year as head coach of the Boilermakers.

"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 regarding the amended contract, per the school's official website . "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 owns a 501-224 record throughout his tenure at Purdue, sitting at No. 2 on the school's all-time coaching wins list .

He's helped the Boilermakers advance to the NCAA Tournament in 17 separate seasons, including a current streak of 11 consecutive March Madness appearances. Purdue also earned a spot in the national championship game in 2024.

Painter has won five Big Ten Coach of the Year awards while helping his team capture five Big Ten regular-season titles and three conference tournament championships.

For the 2026-27 season, the Boilermakers are looking to remain competitive in the Big Ten following the departures of seniors Braden Smith, Fletcher Loyer, and Trey Kaufman-Renn.

Purdue will open the regular season against No. 15 Gonzaga on Monday at 7:30 p.m. ET.