Matt Painter has been an integral figure in Purdue University’s basketball program since 2005, establishing the Boilermakers into an NCAA basketball powerhouse.
Purdue has won many Big Ten championships and advanced to the NCAA Tournament under Painter’s leadership, confirming his status as one of the sport’s top coaches.
Matt Painter’s Salary & Contract in 2025
Purdue renewed Painter’s contract to the 2028-29 season in June 2024, expressing their confidence in his leadership. His base salary for the 2024-25 season is $4.85 million, with an additional $1.2 million in performance-based incentives.
#Purdue BOT also approved Matt Painter’s compensation (base salary, retirement contribution, life insurance premium advance, retention bonus) for the next five years:
24-25: $4.85 million
25-26: $4.97 million
26-27: $5.175 million
27-28: $5.2 million
28-29: $5.225 million— mike carmin (@mike_carmin) June 7, 2024
The contract describes a progressive salary structure:
- 2024-25: $4.85 million
- 2025-26: $4.97 million
- 2026-27: $5.175 million
- 2027-28: $5.2 million
- 2028-29: $5.225 million
These figures highlight Purdue’s commitment to sustaining Painter’s skills and leadership.
Matt Painter’s Net Worth
Painter’s net worth is expected to be approximately $10 million by 2025. This significant total is owed to his prolonged tenure at Purdue and sustained success on the court.
In addition to his base salary, Painter’s deal contains potential expenses, such as a $450,000 retention bonus. These incentives, combined with his growing pay, contributed substantially to his remarkable net worth.
Also Read: Fran McCaffery Salary, Contract, and Net Worth
Painter’s financial achievements echoed his successes with the Boilermakers, showcasing both his coaching abilities and the value Purdue owed to his leadership.
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