69° F
Current Conditions
Radio Station Info Staff Advertising Job Opportunities Contact Us
 

Listen Live



KCSR EEO Report
KBPY EEO Report
KCSR Public File
KBPY Public File

(Neb.)- Huskers' Hoiberg Owes Millions If He Leaves For College Job

By: Jeremy Anderson Posted at: 04/05/2019 01:44 PM
LINCOLN, Neb. (AP) - New Nebraska basketball coach Fred Hoiberg will be required to pay the university between $5 million and $11 million if he leaves to take a college coaching job in the first five years of his contract.
 
The terms of Hoiberg's agreement are in a memorandum of understanding released Friday. His signed contract was not available.
 
Hoiberg will be paid $2.5 million in the first year of his seven-year, $25 million contract. That rises to $3 million next year and to $3.5 million for each of the following five years. He also can earn a total of $2 million in retention bonuses.
 
If he leaves for another college job in the first year, he would owe Nebraska $11.5 million. That amount decreases to $5.25 million in year five.
 
If he leaves for an NBA coaching or executive job, he would pay $2.5 million in year one and $250,000 in year five.


Comments:


Back to Sports

Printer Friendly Version

Send Story to a friend.