Purdue, Painter sign new 8-year contract

WEST LAFAYETTE, Ind. (WLFI) - UPDATE: Purdue has announced that the university has agreed to a new eight-year-contract with Matt Painter.

The university has not disclosed the terms of the contract. 

NewsChannel 18's Mike Cleff and Gold&Black.com's Alan Karpick said that they believe compensation changes for assistant coaches are possible as well.

The university stated that Painter is still in Florida. 

Purdue will hold a press conference Thursday at 11:00 a.m on Keady Court in Mackey Arena, according to Assistant Athletics Director Tom Schott.

President France Córdova released the following statement to NewsChannel 18:

"I am thrilled, like thousands of Boilermakers everywhere, that Coach Painter has decided to stay at Purdue. 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 your cheering for him across the country."
 

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According to the St. Louis Post-Dispatch, Painter met with the University of Missouri Athletics Director in Florida to discuss a coaching position.

Purdue said in a teleconference yesterday it has been made clear that the university is committed to keeping Painter as head coach.

When asked about the possibility of a raise for Painter, Schott said he's not commenting on the subject.

Painter's base salary is $1.3 million a year. University of Missouri is offering Painter $2 million a year.

We'll keep you updated.