Matt Painter lightly tossed a frisbee at the press conference. Mixed feelings of accomplishment and challenges ahead took over Matt Painter after a win over McNeese in the 2025 NCAA Division I second round. First things first, Purdue disproved the “Purdue always loses to a double-digit seed in March Madness” narrative, and now they face the challenge of playing the top-seed Houston Cougars. Purdue Boilermakers’ rise, consistency, and result-oriented program were all by-products of Matt Painter’s efforts.

It’s not that the team hasn’t seen a rough patch. During the two seasons (2012-2014) Purdue was among the programs that were at the bottom of the Big Ten, recording 16-18 and 15-17, respectively. Despite the setbacks, Purdue decided to stay with Painter.

16 NCAA tournament appearances in 19 seasons (considering the cancellation during the Covid-19 season), two times Elite Eight and seven times Sweet 16 participation in Painter’s bag speak volumes. Moreover, Purdue has maintained its status as one of the top 5 seeds for the Midwest region since the 2016-2017 season. With five conference titles and two Big Ten tourney championships, Matt certainly has cemented his position as one of the greatest coaches at Purdue.

Matt Painter has five Big Ten Coach of the Year honors, the second most in league history, which he shares with Bob Knight, with Gene Keady topping the list with seven honors. Furthermore, Purdue program has sent 30 athletes to the NBA, including two first-rounders and Painter had a massive role in those developments.

Coach Painter’s 16 NCAA Tournament appearances are the most for a coach nationally under the age of 55. But is he fairly compensated for his achievements? Let’s check out Matt Painter’s contract, salary and net worth.

What is Matt Painter’s contract with Purdue? How long is the deal?

Purdue put faith in Painter and extended a five-year contract with the HC in 2024, after the team’s NCAA Finals appearance. The new contract will last till the end of the 2028-29 season and includes a retention bonus of $250,000 paid each year on September 1. This places him among the top 3 highest paid Big Ten coaches.

How much will Matt Painter earn in the 2024-25 NCAA season?

As per the new contract, Painter will receive a $4.85 million salary for 2024-25. This is the 13th highest salary nationally. Highlighting term in contract is growth in salary per season. In the next season, Painter will earn $4.975, with further increments to $5.175 million and $5.2 million for the consecutive years. In the final year, he will receive $5.225 million.

Since July 2019, Painter’s contract has featured a rolling five-year term. It also includes automatic one-year extensions. To terminate the contract, either he or Purdue can give advance notice by May of any year.

What was Matt Painter’s previous contract with Purdue?

Matt Painter’s previous contract with Purdue took him through the 2023-24 season. It was signed in July 2018. Unlike the recent extension, the contract included a fixed payment starting at $2.4 million and increasing to $3 million in 2020.

Initially, Painter signed a six-year deal to become the head coach of the Purdue Boilermakers in 2005. Later, Purdue extended the collaboration in July 2016. Painter and Purdue agreed to a contract extension that took him through the 2021-22 season. The contract included guaranteed compensation of $3 million in 2019-20, $3.1 million in 2020-21, and $3.2 million in 2021-22.

What is Matt Painter’s net worth in 2025?

With rich and long-term contracts, fans would want to know Matt Painter’s net worth. However, there are no reports available in the public domain regarding his net worth in 2025. Knowing the legacy he has built with Purdue and his strong standing in the NCAA, it won’t be just about the figures he earns but also how he is solidifying his status as one of the best in the field.