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.