Purdue extends Mitch Daniels' contract 'into foreseeable future,' year-by-year beyond 2020

The deal, struck during a special trustees meeting Tuesday, would pay Daniels up to $930,000 a year, or equal to what he could make in the final year of his current contract, which runs through June 30, 2020. Daniels will be 71 at that point. The contract would continue as long as both sides agree to an additional year.

According to the contract extension approved Tuesday, both sides would have to give a 12-month notice before Daniels would leave Purdue.

Tom Spurgeon, a Purdue trustee, said trustees have been more than satisfied with the job Daniels is doing on the West Lafayette campus and wanted to be sure they could keep him in the role he began in January 2013. The preamble to the “evergreen” extension flatly states that the contract is “further recognition of Daniels’ excellent performance.”