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

Is Chloe Kitts playing today? Exploring South Carolina star's availability vs Texas (March 9) Is Chloe Kitts playing today? Exploring South Carolina star's availability vs Texas (March 9)
Is Chloe Kitts playing today? Exploring South Carolina star's availability vs Texas (March 9)
“Death, taxes and JuJu Watkins scoring 20 points”: College hoops fans hyped as USC star carries Trojans vs Indiana “Death, taxes and JuJu Watkins scoring 20 points”: College hoops fans hyped as USC star carries Trojans vs Indiana
“Death, taxes and JuJu Watkins scoring 20 points”: College hoops fans hyped as USC star carries Trojans vs Indiana
Nebraska vs Iowa Predictions, Odds & Picks for March 9 | College Basketball Season 2024-25 Nebraska vs Iowa Predictions, Odds & Picks for March 9 | College Basketball Season 2024-25
Nebraska vs Iowa Predictions, Odds & Picks for March 9 | College Basketball Season 2024-25
WATCH: $4M worth A'ja Wilson makes virtual College GameDay appearance to support alma mater South Carolina WATCH: $4M worth A'ja Wilson makes virtual College GameDay appearance to support alma mater South Carolina
WATCH: $4M worth A'ja Wilson makes virtual College GameDay appearance to support alma mater South Carolina
1d
Kentucky vs Missouri: Box score, stats, game summary and more ft. Otega Oweh Kentucky vs Missouri: Box score, stats, game summary and more ft. Otega Oweh
Kentucky vs Missouri: Box score, stats, game summary and more ft. Otega Oweh
Dawn Staley explains what it took for South Carolina to beat Texas: "We use it to our advantage" Dawn Staley explains what it took for South Carolina to beat Texas: "We use it to our advantage"
Dawn Staley explains what it took for South Carolina to beat Texas: "We use it to our advantage"
1d
What MiLaysia Fulwiley said after Dawn Staley's South Carolina beat Oklahoma and proceeds to SEC tournament final What MiLaysia Fulwiley said after Dawn Staley's South Carolina beat Oklahoma and proceeds to SEC tournament final
What MiLaysia Fulwiley said after Dawn Staley's South Carolina beat Oklahoma and proceeds to SEC tournament final
Is JuJu Watkins playing today? Exploring USC star's availability vs UCLA (March 9) Is JuJu Watkins playing today? Exploring USC star's availability vs UCLA (March 9)
Is JuJu Watkins playing today? Exploring USC star's availability vs UCLA (March 9)
How did Diana Taurasi perform under Geno Auriemma for Team USA? Stats and accolades explored How did Diana Taurasi perform under Geno Auriemma for Team USA? Stats and accolades explored
How did Diana Taurasi perform under Geno Auriemma for Team USA? Stats and accolades explored
Recapping everything Paige Bueckers and Azzi Fudd said after UConn beat St. John's in Big East Tournament Recapping everything Paige Bueckers and Azzi Fudd said after UConn beat St. John's in Big East Tournament
Recapping everything Paige Bueckers and Azzi Fudd said after UConn beat St. John's in Big East Tournament
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