Purdue's slow-growth investments paying off big

October 20, 2009
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Purdue basketball coach Matt Painter is no day-trader.

Instead, he prefers steady stock that takes time to mature. The payoff for Painter and the black and gold faithful is coming.

With a line-up heavy on experience (five of Painter’s pillar players are seniors or juniors) and light on so-called diaper dandies, Purdue’s basketball team is ranked in the top five in several national polls.

This morning, hoops guru Dick Vitale was singing the Boilers’ praises on ESPN. He has them ranked No. 5 and says they have a legitimate shot at reaching the Final Four, which will be played at Lucas Oil Stadium in April.

Purdue will have ample competition within the Big Ten. Vitale has Michigan State ranked No. 3.

It’s not to say Purdue won’t play any freshmen or sophomores. There are plenty of talented youngsters on this team, and Painter said any player—regardless of class—that gives Purdue the best chance to win, will play.

Painter recently told IBJ, it’s important to have a diversified portfolio, with equal emphasis on experience and maturity as well as raw talent and youthful exuberance.

At an IBJ Power Breakfast held earlier this month (see videos below), Painter explained that he simply isn’t in the position to attract many of the blue-chip players who plan to play one or maybe two years in college before departing to seek their fortunes in the National Basketball Association draft. Purdue is not the “sexy” choice among the one-and-done crowd, Painter added.

Even with Purdue’s lofty expectations, the school and its coach are often overshadowed by those with more pizzazz. While Michigan State coach Tom Izzo arrived for Midnight Madness opening practice Friday in an Indy Racing League car and Kentucky’s John Calapari’s entrance resembled Bono of U2, Painter was starting with a more low-key approach.

That’s just fine with the fifth-year Purdue coach. For Painter, it’s always been about substance over style. And it’s never been about looking for the quick payday. It’s about making a long-term investment in his players and about them making a long-term investment in the program.

Now, it appears, it’s time to collect the slow-growth, high-yield dividends.

  • Good to see Matt gets his team the old fashioned way. I am not a fan of the flash in the pan type of team, nor the superstar led one. As Purdue has seen in the Big Dog, and other teams, you are at the mercy of the NBA. A well balanced team means most, if not all the players will play to graduation.

    On a side note, anyone else notice that the three Purdue QB's in the NFL are on undefeated teams? Drew, Kyle and Curtis. Ok, Curtis did not have much to do with the record, but still fun to say.
  • economic impact of Purdue
    It will be interesting to see if a Purdue appearance in the NCAA Final Four would actually hurt or help attendance and economic impact. The attendance for their games in the Wooden Classic and other Indy shoings haven't exactly been overwhelming in past years.
  • Economic Impact
    I would think should they make it to the Final Four, there would be a big turnout. I hate to say it (especially since they play local teams), the Wooden Classic or other local games in Indy just aren't too exciting. The last one that interested me was when they upset Arizona at Conseco (which had a solid turnout). But a Final Four? From my experience, the fans would be all over it.
  • Any local team that makes a Final Four appearance would probably hurt the economic impact. Same goes to a lesser extent for a regional team. From an economic standpoint, you want teams from as far away as possible. Anything within driving distance means many people will not stay in local hotels, and any team within an hour or so drive means fewer people eating out and visiting the sights since they have seen them.

    On the other hand, if an Oregon makes a final four, their fans would fly out here, stay for several days and spend lots of money. An IU or Purdue fan would not.
  • Happy Birthday!
    It's the blogger's big day.

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  1. It is nice and all that the developer grew up here and lives here, but do you think a company that builds and rehabs cottage-style homes has the chops to develop $150 Million of office, retail, and residential? I'm guessing they will quickly be over their skis and begging the city for even more help... This project should occur organically and be developed by those that can handle the size and scope of something like this as several other posters have mentioned.

  2. It amazes me how people with apparently zero knowledge of free markets or capitalism feel the need to read and post on a business journal website. Perhaps the Daily Worker would suit your interests better. It's definitely more sympathetic to your pro government theft views. It's too bad the Star is so awful as I'm sure you would find a much better home there.

  3. In other cities, expensive new construction projects are announced by real estate developers. In Carmel, they are announced by the local mayor. I am so, so glad I don't live in Carmel's taxbase--did you see that Carmel, a small Midwest suburb, has $500 million in debt?? That's unreal! The mayor thinks he's playing with Lego sets and Monopoly money here! Let these projects develop organically without government/taxpayer backing! Also, from a design standpoint, the whole town of Carmel looks comical. Grand, French-style buildings and promenades, sitting next to tire yards. Who do you guys think you are? Just my POV as a recent transplant to Indy.

  4. GeorgeP, you mention "necessities". Where in the announcement did it say anything about basic essentials like groceries? None of the plans and "vision" have basic essentials listed and nothing has been built. Traffic WILL be a nightmare. There is no east/west road capacity. GeorgeP, you also post on www.carmelchatter.com and your posts have repeatedly been proven wrong. You seem to have a fair amount of inside knowledge. Do you work on the third floor of Carmel City Hal?

  5. I don't know about the commuter buses...but it's a huge joke to see these IndyGo buses with just one or two passengers. Absolutely a disgusting waste of TAXPAYER money. Get some cojones and stop funding them. These (all of them) council members work for you. FIRE THEM!