Nebraska Cornhuskers struggling to bring Fred Hoiberg back as men’s basketball coach
Fred Hoiberg will return as head coach of Nebraska next season, athletic director Trev Alberts announced Thursday night.
The Cornhuskers’ loss at Northwestern earlier this week dropped their record to 7-20 overall and 1-15 in the Big Ten. In three seasons at the helm, Hoiberg is 6-49 in conference play.
“Over the past few weeks I have had several productive meetings with Coach Hoiberg, and we agree that our team’s results are not acceptable,” Alberts said. “No one is more disappointed or frustrated than Fred Hoiberg. I have known Fred for a long time and have seen him build and lead successful teams.
“Fred presented me with a plan that I believe is in the best long-term interests of the Nebraska Athletic Department and our men’s basketball program. Additionally, Fred has agreed to restructure his contract for us. help bring about the changes needed to reorient our program.I believe in Fred and look forward to working with him as he implements his vision for the future of Nebraska men’s basketball.
Hoiberg’s buyout was estimated to be around $18.5 million had he been let go after that season; under the restructured contract, his buyout drops to $11 million.
“As I said when I was hired three years ago, it’s an honor to be the men’s basketball coach at the University of Nebraska, and I’m excited to continue leading the program. Husker,” Hoiberg said. “This has always been a special place for me and my family, and we have learned to love the Lincoln community during our time here.
“I appreciate the confidence that Trev Alberts and university leaders have shown in me. Our results on the court have not been what anyone would have hoped for, but I am more committed than ever to building a basketball program successful in Nebraska.”
Hoiberg was hired in 2019 to replace Tim Miles at Lincoln. He had spent more than three seasons as head coach of the Chicago Bulls following a successful five-year stint as head coach at Iowa State, where he led the Cyclones to four NCAA tournaments and one appearance at Sweet 16.
Hoiberg, who was born in Lincoln and whose grandfather was the head basketball coach from 1955 to 1963, originally signed a seven-year, $25 million contract.