Illinois
Brad Underwood contract buyout: What Illinois basketball coach owes if he leaves for another team
Brad Underwood coached Illinois basketball to the NCAA Elite Eight this season.
The coach’s sustained success at the Big Ten Conference program means his name has surfaced in media reports as a possible replacement at Kentucky following coach John Calipari’s reported departure to Arkansas.
Underwood just completed his seventh and most successful season at Illinois. The 60-year-old led the Illini to the Big Ten Conference tournament championship and a trip to the NCAA Elite Eight. His Fighting Illini teams are 117-49 over the last five seasons, including a 69-31 record in the Big Ten in that span.
KENTUCKY BASKETBALL: Could Brad Underwood be the next Kentucky basketball coach? He is being mentioned
Underwood was hired by Illinois in March 2017 after one season at Oklahoma State. He originally signed a six-year contract — but earned one-year extensions to that contract in 2020, 2021 and 2022. Underwood’s success this season helped add to the deal, earning him $160,000 in bonuses and triggering a one-year extension. The coach’s contract now runs through April 30, 2030, and includes a buyout.
Here’s everything to know about Underwood’s contract, including his buyout:
At $4.7 million this season, Underwood’s compensation is eighth among college basketball’s highest-paid coaches at public schools, according to a USA TODAY database. In the Big Ten, he trails only Michigan State’s Tom Izzo ($6.2 million). Kansas coach Bill Self ($9.6 million) tops the list.
Illinois’ appearance in the just concluded NCAA Tournament resulted in his contract being automatically extended for one year, so if Underwood were to leave Illinois for a job at a school outside the Big Ten, he would owe Illinois about $15.3 million. If Underwood were to take a job at a Big Ten school, he would owe double what he would owe if he left for a non-Big Ten school.
If Illinois were to fire Underwood without cause, the school would owe him about $30.6 million, subject to Underwood having a duty to find another job and Illinois being entitled to offset its payment to Underwood based on his income from the new position. At present, Illinois’ buyout payments to Underwood would be made in monthly installments through the end of the scheduled contract term, which is now April 30, 2030.
What’s next for Illinois basketball? Transfer portal, NBA, recruiting and more
- Career record: 251-115 (11 seasons)
- Stephen F. Austin (3 seasons, 2013-16): 89-14, 53-1 Southland
- Oklahoma State (1 season, 2016-17): 20-13, 9-9 Big 12
- Illinois (7 seasons, 2017-present): 142-88, 80-58 Big Ten
Illinois
GOP Rep. Ryan Spain opposes Illinois redistricting changes
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Illinois
‘Millionaires tax’ would hike rate 61% on 22K Illinois small businesses
Combined state and federal taxes would take more than 50% of the top-end income for 22,000 Illinois small businesses.
Proposals in the Illinois General Assembly could slam massive tax hikes onto small businesses, the state’s primary job creator historically and in the recovery from the COVID-19 downturn.
One measure would punish 22,020 Illinois small businesses with a huge increase in their marginal state income tax rate and create a top tax rate of nearly 50.3% for them, once all state and federal income taxes are factored in.
S-corporations and partnerships, which “pass-through” their business income to their owners, who pay taxes as individuals, would see their top marginal state income tax rate jump from 4.95% to 7.95%, a 61% hike.
That would happen because the legislation, House Joint Resolution Constitutional Amendment 21, adds a 3% income tax on income above $1 million. It is scheduled for a hearing April 23 at which it could pass out of committee and go to a potential full House vote.
Research has shown that an increase in the top marginal tax rate is associated with a decrease in entrepreneurs’ hiring activity and lower wages for their employees.
Illinois has one of the highest unemployment rates in the nation and among the slowest wage growth. These are exacerbated by some of the highest state and local tax burdens in the nation, including the second-highest property taxes and eighth-highest sales taxes.
In 2017 Illinois residents endured the largest permanent income tax hike in state history, when lawmakers increased the rate by 32%, from 3.75% to 4.95%.
Illinois already pushes out more businesses than virtually any other state. The “millionaire’s tax” could make the situation even worse. Illinoisans should reject this call for higher taxes on the state’s vital small business community.
Contact your state representative to stop the small business tax hike here.
Illinois
Illinois teen stabbing case returns to court this week
SYCAMORE, Ill. – A Sycamore mother said she is still waiting for justice more than two years after her teenage son was stabbed to death.
The case is back in court this week, where a judge will consider a key request that could change how the case moves forward.
What we know:
A mother said her son’s life was cut short during a confrontation that turned deadly.
Heather Gerken said her 17-year-old son, Kaleb McCall, was stabbed during an incident in September 2023. She said Kaleb agreed to meet another teen for what he believed would be a fist fight while sticking up for a friend.
According to Gerken, the other teen, who was 15 at the time, pulled a knife and stabbed Kaleb in the chest. Kaleb later died from his injuries.
Gerken said a jury later found that teen guilty of second-degree murder after the defense argued he acted in self-defense.
Dig deeper:
The case is not over.
Gerken says the defendant’s attorneys are now trying to move the case out of adult court and into juvenile court. That decision could impact how the teen is ultimately sentenced.
What they’re saying:
Gerken said the legal process has been long and frustrating.
She said the case has stretched on for more than two and a half years and that ongoing court proceedings have made it difficult for her to grieve her son.
“He was everybody’s big brother,” Gerken said. “He had the biggest smile and the sweetest personality. He enjoyed fishing and being outside, and he was the best gift giver. He always got me flowers for every little holiday. Just a very thoughtful boy.”
Gerken also said the possibility of the case moving to juvenile court is especially upsetting, as she continues to push for what she believes is justice for her son.
“I don’t want anybody else’s child to die the way that my son died,” Gerken said. “Caleb is my whole world. I gave birth to him at 17 and he changed my life completely. He made me a better person. He taught me what real love truly is…And I just miss him so much more every day. And just knowing that he died the way he did. It makes me sick.”
What’s next:
The case returns to court Thursday morning.
A judge is expected to determine whether the case remains in adult court or is moved to juvenile court, a decision that could shape what happens next in the case.
The Source: The information in this article was reported by FOX Chicago’s Lauren Scafidi.
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