That didn’t take long.
After originally setting the time table of “seven-to-14 days” for hiring a new men’s basketball coach, Nebraska athletic director Bill Moos has already found his guy. Nebraska has finalized a deal with Fred Hoiberg to become the Huskers’ next head coach, a source confirmed to Hail Varsity.
His contract is expected to be seven years and worth more than $3 million per year, also according to a source. ESPN’s Adrian Wojnarowski reported it as a $25 million deal Saturday afternoon, setting it at $3.57 million per year. That would make Hoiberg one of the highest paid coaches in the Big Ten.
Hoiberg was most recently the head coach of the Chicago Bulls from 2015–18. Before that, he was the head coach of the Iowa State Cyclones from 2010-15. At Iowa State, Hoiberg took the Cyclones to four straight NCAA tournaments and to the Sweet 16 in 2014. Iowa State also won the Big 12 tournament in 2014 and 2015 under Hoiberg’s watch.
Hoiberg replaces former coach Tim Miles, who was let go on Tuesday, March 26 after going 116-114 in seven seasons.
Stadium’s Jeff Goodman is also reporting that St. John’s assistant Matt Abdelmassih is expected to join Hoiberg at Nebraska. Abdelmassih was with Hoiberg at Iowa State, and was a big factor in recruiting during that time.
We’ll have more on Hail Varsity as additional information is known.
Erin is the Deputy Editor and Digital Marketing Strategist for Hail Varsity. She has covered Nebraska athletics since 2012, which has included stops at Bleacher Report, Cox Media Group’s Land of 10, and even Hail Varsity (previously from 2012-2017). She has also been featured on the Big Ten Network, NET’s Big Red Wrap-Up, and a varsity of radio shows nationwide. When not covering the Huskers, Erin is probably at Chipotle.