Nebraska basketball coach gets massive vote of confidence in new extension

Fred Hoiberg is on quite the roll. Since February 1 of 2023, he’s led the Nebraska Cornhuskers to one of the best records in the country. He’s also led them to their first NCAA Tournament appearance in a decade. He almost led them to the Big Ten Tournament Championship. And now he’s got a brand new contract extension to show for all that.

The Nebraska Cornhuskers administration announced that the head coach is going to be getting a big raise next season. He’s also getting a couple more years added onto the length of his contract. It’s quite a change from what was going on in Lincoln not all that long ago.

The new contract will extend Fred Hoiberg’s contract through the 2028-29 season and will pay the Husker coach $4.25 million next season, with annual increases in each of the subsequent contract years.

That deal has the Nebraska basketball coach sitting near the top of the conference in pay. He is in fact, third in the Big Ten as far as annual salary goes now. Only Michigan State’s Tom Izzo ($6.2 million) and Illinois’ Brad Underwood ($4.7 million) make more.

Nationally, Fred Hoiberg is now the 12th highest-paid head coach in college basketball. All of that is a rather impressive investment by the university on a coach who has posted exactly one winning season (this year) since coming to Lincoln.

Nebraska basketball coach gets massive vote of confidence in new extension

Some of the new contract is simply a reaction to the Nebraska basketball coach performing like the administration had hoped since he got here. Some of it is making sure that he’s not looking anywhere else in a year where the school has already lost its athletic director.

In signing this new deal, Hoiberg has basically echoed what Nebraska football head coach Matt Rhule said on Monday. He’s all in and here to stay.