Fred Hoiberg Net Worth, Salary, and Contract

Last Modified Feb 13, 2024 07:39 GMT
Fred Hoiberg Net Worth, Salary, and Contract
Fredrick Kristian Hoiberg

Fredrick Kristian Hoiberg, born on October 15, 1972, is a prominent figure in American college basketball. Known as "The Mayor," Hoiberg enjoyed a successful playing career in the NBA before transitioning into coaching. He currently holds the position of men's head basketball coach at the University of Nebraska, a role he assumed in 2019 after coaching stints at Iowa State University and in the NBA with the Chicago Bulls.

NameFredrick Kristian Hoiberg
Net Worth$9 million
Age49
ResidenceNebraska, USA
PositionMen's Head Basketball Coach
Marital StatusMarried
Source of WealthBasketball, Coaching
Salary$3.25 million per year
EndorsementsNot specified
Endorsement EarningsNot specified

Fred Hoiberg Net Worth

Fred Hoiberg boasts a net worth of $9 million, accumulated through his multifaceted career as both a player and coach. His journey from the basketball court to the coach's bench has been marked by notable achievements and contributions to the sport.

Fred Hoiberg Career Earnings

Specific details regarding Fred Hoiberg's overall career earnings are not readily available. However, his tenure as a player in the NBA, followed by coaching roles at various levels, undoubtedly contributes to his overall earnings and financial standing.

Fred Hoiberg Salary

Fred Hoiberg commands a salary of $3.25 million as the head coach of the Nebraska Cornhuskers men's basketball team. This figure reflects a restructured contract signed in the winter of 2022. Notably, Hoiberg's salary includes provisions for potential adjustments based on performance metrics agreed upon by both parties.

Fred Hoiberg Contract

Fred Hoiberg has solidified his commitment to the University of Nebraska through a comprehensive seven-year contract extending until the conclusion of the 2026 season. The terms of the agreement, obtained through public records by Stadium, highlight a structured compensation plan and performance-based incentives.

His base salary commences at $2.5 million in the inaugural year and progressively escalates to $3.5 million by the third year. The delineation of his base salary across the contract's duration is as follows:

  • Year 1: $2.5 million

  • Year 2: $3 million

  • Year 3: $3.5 million

  • Year 4: $3.5 million

  • Year 5: $3.5 million

  • Year 6: $3.5 million

  • Year 7: $3.5 million

Additionally, Hoiberg stands to benefit from retention bonuses contingent upon his continued employment at Nebraska during specified dates:

  • $1 million if employed on July 1, 2020

  • $500,000 if employed on March 31, 2024

  • $500,000 if employed on March 31, 2025

Furthermore, Hoiberg's incentive structure includes monetary rewards tied to the team's performance, such as:

  • $100,000 for winning the Big Ten and/or the Big Ten Tournament

  • $150,000 if Nebraska qualifies for the NCAA Tournament, coupled with additional bonuses ranging from $30,000 to $300,000 based on tournament advancement.

Fred Hoiberg Contract Breakdown

Unfortunately, there is insufficient information available to provide a detailed breakdown of Fred Hoiberg's contracts.

Fred Hoiberg Contract History

Hoiberg's coaching journey began at Iowa State University in 2010, where he achieved notable success, including leading the Cyclones to their first NCAA tournament appearance in years. Subsequently, he transitioned to the NBA, notably coaching the Chicago Bulls before assuming his current role at Nebraska.

FAQ's On Fred Hoiberg Net Worth, Salary, and Contract

A. Fred Hoiberg's net worth is estimated to be around $9 million.

A. Fred Hoiberg earns a salary of $3.25 million per year as the head coach of the Nebraska Cornhuskers men's basketball team.

A. While specific coaching awards for Fred Hoiberg may not be outlined, his notable achievements include leading Iowa State University to their first NCAA tournament appearance in years and his tenure as head coach of the Chicago Bulls in the NBA.

A. Fred Hoiberg signed a seven-year contract with the University of Nebraska, extending through the 2026 season.

A. Fred Hoiberg officially assumed the position of head coach at the University of Nebraska in 2019, following coaching stints at Iowa State University and in the NBA with the Chicago Bulls.

Related Stories

Andrej Stojakovic stats tonight - How did the California star fare vs Virginia Tech? (March 11) Andrej Stojakovic stats tonight - How did the California star fare vs Virginia Tech? (March 11)
Andrej Stojakovic stats tonight - How did the California star fare vs Virginia Tech? (March 11)
Is Deivon Smith playing today? St. John's star's availability vs Butler explored Is Deivon Smith playing today? St. John's star's availability vs Butler explored
Is Deivon Smith playing today? St. John's star's availability vs Butler explored
18h
Penny Hardaway Coach of the Year: Memphis HC reacts to major AAC honor days before March Madness Penny Hardaway Coach of the Year: Memphis HC reacts to major AAC honor days before March Madness
Penny Hardaway Coach of the Year: Memphis HC reacts to major AAC honor days before March Madness
"is truly sad": College hoops fans react as Stanford pulls off thrilling win over rival Cal "is truly sad": College hoops fans react as Stanford pulls off thrilling win over rival Cal
"is truly sad": College hoops fans react as Stanford pulls off thrilling win over rival Cal
18h
Notre Dame vs UNC: Box score, stats, game summary and more ft. Jae'Lyn Withers Notre Dame vs UNC: Box score, stats, game summary and more ft. Jae'Lyn Withers
Notre Dame vs UNC: Box score, stats, game summary and more ft. Jae'Lyn Withers
1d
"We are not ready for her to leave yet": Fans get emotional as UConn celebrates Paige Bueckers' special achievement "We are not ready for her to leave yet": Fans get emotional as UConn celebrates Paige Bueckers' special achievement
"We are not ready for her to leave yet": Fans get emotional as UConn celebrates Paige Bueckers' special achievement
1d
Fans debate Wisconsin's Serah Williams entering transfer portal: "If she goes to LSU, she can experience the annual loss to South Carolina" Fans debate Wisconsin's Serah Williams entering transfer portal: "If she goes to LSU, she can experience the annual loss to South Carolina"
Fans debate Wisconsin's Serah Williams entering transfer portal: "If she goes to LSU, she can experience the annual loss to South Carolina"
1d
March Madness 2025: Top 3 reasons why Cooper Flagg's Duke will fall short of a National title March Madness 2025: Top 3 reasons why Cooper Flagg's Duke will fall short of a National title
March Madness 2025: Top 3 reasons why Cooper Flagg's Duke will fall short of a National title
18h
“They just spanked them”: Hoops analyst hails Dawn Staley’s South Carolina after “dismantling" Texas; backs 3-peat chances for March Madness “They just spanked them”: Hoops analyst hails Dawn Staley’s South Carolina after “dismantling" Texas; backs 3-peat chances for March Madness
“They just spanked them”: Hoops analyst hails Dawn Staley’s South Carolina after “dismantling" Texas; backs 3-peat chances for March Madness
Syracuse vs. Florida State: Box score, stats, game summary and more ft. Leonard Hamilton Syracuse vs. Florida State: Box score, stats, game summary and more ft. Leonard Hamilton
Syracuse vs. Florida State: Box score, stats, game summary and more ft. Leonard Hamilton
1d
Sportskeeda logo
Close menu
WWE
WWE
NBA
NBA
NFL
NFL
MMA
MMA
Tennis
Tennis
NHL
NHL
Golf
Golf
MLB
MLB
Soccer
Soccer
F1
F1
WNBA
WNBA
More
More
bell-icon Manage notifications