Interesting read from Purdue, it seems like ISU isn't the only place where money is an issue:
Dear John Purdue Club Members:
Thanks for the outpouring of support for Matt Painter and for your concern for our Purdue men’s basketball program.
In an effort to allay many of your concerns and dispel much of the misinformation by “unnamed sourcesâ€, Athletics Director Morgan Burke has asked me to share with each of you that he is working diligently with President France Córdova and our Board of Trustees to ensure that Matt remains our head coach for many years to come.
Proactively they have made an investment in Matt that was communicated last evening, clearly reinforcing their continued commitment to him and to our championship program. They did not wait to counter anyone else’s offer. It is my hope that the words and actions of our President, our Board and Morgan will encourage Matt, Jerri and their family to remain with Purdue.
Personally, I have been overwhelmed with the number of e-mails pledging to join the John Purdue Club or increase support. Ironically, I believe we would not be in this situation had more than 11% of our current membership participated in the Mackey Challenge and more than 150 of our nearly 9,000 members recruited at least one new member. More of the Big Ten television revenues could have been allocated for compensation for the basketball coaching staff members and less toward the critical path of updating Mackey Arena.
As a self-supporting university auxiliary, we can spend only what we raise, so everyone’s participation will ensure that we retain Matt and provide championship-quality experiences for every single one of our Boilermaker student-athletes.
Thanks for your continued loyal support and passionate commitment….stay tuned!