LINCOLN, Neb. — Nebraska announced a two-year contract extension through 2028-2029 for men’s basketball coach Fred Hoiberg on Tuesday and a $1 million annual raise to $4.25 million.
Locked N.@CoachHoiberg has been extended through the 2028-29 season.#GBR | pic.twitter.com/vxWPguTmW4
— Nebraska Men’s Basketball (@HuskerMBB) March 19, 2024
Hoiberg, 52, guided Nebraska to its first NCAA Tournament appearance this season since 2014 and was named co-Big Ten coach of the year in his fifth season at the school. The Huskers, 23-10, earned a No. 8 seed in the South Region and will play Texas A&M on Friday in Memphis.
The new contract was announced by interim athletic director Dennis Leblanc and interim university system president Chris Kabourek.
Trev Alberts left Nebraska last week after less than three years as AD to take the same position at Texas A&M. Kabourek has directed the four-campus system since Jan. 1, when former Nebraska president Ted Carter took over at Ohio State.
Some concern existed in Nebraska that Hoiberg could be enticed to consider an outside offer amid the leadership transition in Lincoln.
“I’m appreciative of the confidence our administration has shown in our staff’s leadership of the Husker basketball program,” Hoiberg said in a statement. “With our history at the University of Nebraska, this is a special place for our family. We want to continue to build a program that our fans can embrace and one that represents the values of Nebraska.
“With phenomenal facilities and fan support in place, we are positioned to do things that have never been accomplished by the Husker men’s basketball program.”
Nebraska, with one NCAA Tournament appearance before this season in the past 25 years, is the only major conference program without a victory in the tournament. It is 0-7 all time.
Hoiberg played and coached at Iowa State and coached the Chicago Bulls for three-plus seasons before he was fired in 2019. He won seven games in each of his first two seasons at Nebraska and 10 games in 2021 before a 16-16 finish a year ago. The Huskers’ win total this year rates as the second-highest ever at Nebraska.
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(Photo: John Fisher / Getty Images)
