Nebraska Basketball

Nebraska Basketball: Trev Alberts hands are tied as Hoiberg comes back

BLOOMINGTON, INDIANA - DECEMBER 13: Fred Hoiberg the head coach of the Nebraska Cornhuskers gives instructions to his team against the Indiana Hoosiers at Assembly Hall on December 13, 2019 in Bloomington, Indiana. (Photo by Andy Lyons/Getty Images)

Nebraska basketball head coach Fred Hoiberg will return for the 2022-23 season. Nebraska athletic director Trev Alberts made the announcement on Thursday.

It has been a difficult tenure  so far for Hoiberg and Nebraska. He is 21-65 overall and 6-48 in Big Ten play.

It appears that Hoiberg’s contract will follow a similar path to that of Scott Frost’s. His salary will go from the $.5 million to $3.25 million. He will give up a $500,000  retention bonus in addition to the salary drop.

One of the key things that I see in this restructured contract is his buyout. Hoiberg’s buyout will be $11 million. That is reduced from the $18.5 million  initial buyout.

My take

This is obviously not the news that many people wanted to hear. However, I truly believe this was inevitable. The Nebraska athletic department obviously did not want to pay the buyout associated with this and I do not blame them. I was initially for the buyout. After thinking about this some more, it would be a lot of dead money on the books for the athletic department.

Quite frankly, Trev Alberts’s hands are tied. He made the right choice by bringing him back if only to give him one last chance and save the athletic department money. If Hoiberg does not win next season, then he absolutely has to go.

The results have not been there for the basketball program, and I think the restructuring of this contract reflects that. Alberts has made it clear that he expects results in 2022-23. I am very intrigued as to what plan for the future Hoiberg has. We may not get a clear answer right away, but I am intrigued nonetheless

This is not a surprising move to me in the least. Hoiberg has not won basketball games, but the money is just too much to essentially throw away. If anything, Alberts is trying to clean up the mess that Bill Moos made.

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