Groce's salary: $1.2 million

University trustees have signed off on a $200,000 annual raise and contract extension for Illinois basketball coach John Groce. Groce’s salary will increase to $1.2 million a year. His contract now runs through April 2018.

Also, trustees  signed off on the deal that will change the name of the Assembly Hall arena in Champaign to the State Farm Center in exchange for $60 million for the company. The university announced the deal in late April. The trustees’ vote Wednesday in Chicago was the final approval.

Bloomington-based State Farm Insurance Co. will pay the money over 30 years.
The change comes as the university begins a $165 million renovation project. Luxury boxes, air conditioning and other features will be added to the 50-year-old arena.

Illinois’ arena is the second in the Big Ten to sell its naming rights. Pinnacle Bank purchased the naming rights to the University of Nebraska’s arena for $11.2 million over 25 years.

Comments

News-Gazette.com embraces discussion of both community and world issues. We welcome you to contribute your ideas, opinions and comments, but we ask that you avoid personal attacks, vulgarity and hate speech. We reserve the right to remove any comment at our discretion, and we will block repeat offenders' accounts. To post comments, you must first be a registered user, and your username will appear with any comment you post. Happy posting.

Login or register to post comments