Illini's Assembly Hall renamed

Updated: April 29, 2013, 8:19 PM ET
Associated Press

CHAMPAIGN, Ill. -- The University of Illinois has sold the naming rights for Assembly Hall to State Farm Insurance Co.

In a 30-year, $60 million agreement announced Monday, the home of the university's basketball teams will be known immediately as State Farm Center. The change comes as the 50-year-old arena undergoes a renovation that is scheduled to be completed in the fall of 2016.

Athletic director Mike Thomas says the university is proud of the new relationship with State Farm. ...

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