Nebraska AD: Hoiberg to return next season, will get pay cut
Associated PressThe AP Top 25 men’s college basketball poll is back every week throughout the season! — Nebraska coach Fred Hoiberg will return for a fourth season but has agreed to a pay cut and a reduced buyout if he’s fired after next season, athletic director Trev Alberts said Thursday night. I have known Fred for a long time and watched him build and lead successful teams.” Hoiberg, who is under contract through the 2026-27 season, will have his salary reduced from $3.5 million to $3.25 million and he will forfeit a $500,000 retention bonus that would be due if he were still coaching coach on March 31, 2024. “As I said when I was hired three years ago, it is an honor to be the men’s basketball coach at the University of Nebraska, and I am excited to continue to lead the Husker program,” Hoiberg said. “This has always been a special place to me and my family, and we have grown to love the Lincoln community in our time here.” The conditions for Hoiberg’s retention are similar to those for Nebraska football coach Scott Frost, who is 15-27 in four years.
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How Fred Hoiberg changed Nebraska basketball’s blueprint and the conversation
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