PAYING UP: ISU Gives Hoiberg A Raise
Iowa State University is hoping to keep Fred Hoiberg – forever. The school announced a pay raise for the beloved coach Friday.
Hoiberg’s annual salary is being bumped from $1.6 million to $2.2 million.
Athletic director Jamie Pollard says “We hope our commitment to him will keep him at Iowa State University for the rest of his career.”
The Cyclones won the Big 12 Tournament in 2014 but ended the season with a loss to UConn, the eventual NCAA National Champions, in the Sweet 16. The team’s season win-loss record was 28-8.
Hoiberg picked up $150,000 in bonuses for this season’s performance.
The other terms of Hoiberg’s 10-year contract, which he signed in 2013, will remain intact.