WEST LAFAYETTE, Ind. — Purdue coach Matt Painter has signed a new contract that will keep him leading the Boilermakers through the 2016-17 season.

Purdue announced Friday that the new contract gives Painter a $1.3 million base salary, plus up to $1 million of incentives for academic, athletic and attendance performance.

Painter has a 112-56 record in five seasons at Purdue. The Boilermakers went 29-6 and shared the Big Ten regular season title this year, winning two games in the NCAA tournament before a 70-57 loss to Duke in the Sweet 16.

Athletic director Morgan Burke says the basketball team has made positive strides each year under Painter and that the new contract shows a belief that "the best days for this program are yet to come."