University trustees voted Thursday to raise Weber's pay by 50 percent and extend his contract by three years, through April 2015.
Weber's pay will increase immediately from $1 million to $1.25 million a year. Starting in January, Weber will be paid $1.5 million a year.
The Illini were 24-10 and finished second in the Big Ten before losing in the first round of the NCAA tournament. They weren't expected to do that well a year after finishing 16-19.
Weber has coached at Illinois for six seasons. His teams have been to the tournament five times.
THIS IS NOT A GAMBLING SITE – If you think you have a gambling problem click here.
Disclaimer: This site is for informational and entertainment purposes only. Individual users are responsible for the laws regarding accessing gambling information from their jurisdictions. Many countries around the world prohibit gambling, please check the laws in your location. Any use of this information that may violate any federal, state, local or international law is strictly prohibited.
Copyright: The information contained on TheSpread.com website is protected by international copyright and may not be reproduced, or redistributed in any way without expressed written consent.
About: TheSpread.com is the largest sports betting news site in the United States. We provide point spread news, odds, statistics and information to over 199 countries around the world each year. Our coverage includes all North American College and Professional Sports as well as entertainment, political and proposition wagering news.