Hoiberg To Stay at NU, But Takes Pay Cut

Nebraska coach Fred Hoiberg will return for  a fourth season.  But the Huskers men’s basketball coach has agreed to a pay cut and a reduced buyout if he’s fired after next season. 

Athletic Director Trev Alberts made the announcement last night.  Hoiberg’s salary will be reduced from $3.5 to $3.25 million.  Also, he’ll forfeit a $500,000 retention bonus and his buyout was cut from $18.5 million to $11 million.

Hoiberg is 21-65 overall including a 7-20 mark this season entering tonight’s home game against Iowa. Tonight’s tipoff is set for 8 p.m. on News Talk 900 KJSK.