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Illinois head coach Lovie Smith watches during the first quarter of an Saturday's 52-3 win over Murray State Saturday at Memorial Stadium.
Bradley Leeb/Associated Press

U of I Trustees OK Contract For Coach, Killeen Bonus

University of Illinois trustees have approved a contract with football coach Lovie Smith that will pay him at least $21 million over six years. At their meeting Thursday, trustees also signed off on a $100,000 performance bonus for President Tim Killeen. Under his contract, the bonus was the maximum Killeen could have received for reaching performance goals.

A Jimmy John's location on University Avenue in Urbana.
Jeff Bossert/Illinois Public Media

Jimmy John’s Sells Majority Stake To Equity Firm

The Champaign-based sandwich chain has announced it's sold a majority stake in the company to Atlanta-based private equity firm Roark Capital Group. There will be no changes to management, as founder Jimmy John Liataud will continue to remain as chairman of the company's board and the largest individual shareholder. Financial terms of the deal were not disclosed. 

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