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Illinois OKs Extension for Bruce Weber

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Posted 4:43PM on Friday 15th July 2005 ( 19 years ago )
CHAMPAIGN, Ill. (AP) - Bruce Weber, who led Illinois to a No. 1 ranking and its first national championship game, was given a two-year contract extension Thursday.<br> <br> The new deal gives him a $150,000 raise, a $100,000 signing bonus and deferred compensation that could exceed $1.1 million.<br> <br> Weber, who led the Illini to a 37-2 record last season, will be under contract through the 2010-11 season as part of the deal approved by the university&#39;s trustees.<br> <br> The new deal keeps Weber&#39;s salary at $200,000 but it increases the money he gets for doing radio and TV shows, camps and promotional events by $150,000, bringing his total compensation to $700,000 per year, according to documents prepared for the trustees.<br> <br> The trustees also approved the signing bonus for Weber and a deferred compensation account. Weber would receive $1.1 million plus interest if he is still Illinois&#39; coach on April 30, 2011.<br> <br> The Illini won a second straight outright Big Ten title last season and amassed a 29-game winning streak, holding the No. 1 ranking in the AP poll for 15 consecutive weeks. They lost to North Carolina 75-70 in the title game.<br> <br> Weber was selected national coach of the year last season, his second at Illinois.<br> <br> Weber&#39;s salary is paid by the university&#39;s Division of Intercollegiate Athletics and his other compensation is paid by camp fees, broadcasting revenue and corporate sponsorships, the university said.<br> <br> © 2005 The Associated Press. All rights reserved.

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