Outgoing University of Illinois President Michael Hogan would be paid $285,000 a year when he moves to a faculty position under an agreement expected to be approved by school trustees.

Hogan announced his resignation Thursday amid increasing tensions with faculty over his leadership. Trustees meeting Friday are expected to accept his resignation effective July 1 and approve the pay deal.

Hogan was paid $620,000 a year as president and has more than three years left on his contract. Under the terms of the agreement, he would forego all but $67,500 of the money from that contract.

Hogan will be replaced by longtime university administrator Robert Easter. Trustees signed off on a $450,000-a-year contract for Easter. He has said he'll work for two years.