Miles Fired 3.26

Nebraska athletic director Bill Moos addresses the media Tuesday after the firing of men's basketball coach Tim Miles. On Saturday, the Huskers hired Fred Hoiberg as Miles' replacement.

When it comes to raising the bar of its men's basketball program, Nebraska is all business.

The Huskers will pay Fred Hoiberg, who was hired Saturday, $25 million over seven years. That comes out to a little more than $3.57 million per year and will make Hoiberg the third-highest paid coach in the Big Ten behind a couple of coaches who know what it takes to win.

[ Watch: Steven M. Sipple offers three thoughts on the Fred Hoiberg hire ]

Michigan State's Tom Izzo makes roughly $4.2 million per season, and Michigan's Jim Beilein makes $3.8 million, according to figures from USA Today.

Indiana's Archie Miller makes $3.25 million per season, and Ohio State's Chris Holtmann makes a little more than $3 million a year.

There is, of course, some movement going on in coaching searches and hires, and some others are expected to receive pay bumps. Oregon's Dana Altman, for example, recently received a pay increase.

But when the dust settles, Hoiberg is expected to be among the top 15 nationally in terms of salary.

The Nebraska athletic department, which received nearly $51 million in Big Ten payouts in 2017, has shown it's not afraid to open the checkbook.

[ WATCH: Chris Basnett talks Husker basketball, the hiring of Fred Hoiberg ]

Second-year football coach Scott Frost is making $5 million a season, which ranks 10th nationally, according to USA Today.

Using figures from their final seasons at Nebraska, Frost's and Hoiberg's predecessors — Mike Riley and Tim Miles — combined to make roughly $5.3 million. Miles made $2.37 million this past season and was due $2.5 million the next.

Combined, Frost and Hoiberg will account for nearly $8.57 million against the books. That figure will land Nebraska safely in the top 12 nationally in men's basketball-football head coaching salaries.

Kentucky is No. 1 at $13.3 million, mostly because it's paying John Calipari nearly $9.3 million a year. Michigan is paying a combined $11.3 million to Jim Harbaugh and Beilein.

Alabama ($10.8 million), Georgia ($9.8 million), Duke ($9.6 million), Auburn ($9.3 million), Clemson ($9.3 million) and Texas ($8.7 million) are among those who pay more in coaching salaries for the top two men's coaches, according to USA Today figures.

So, yeah, Moos means business.

[ GALLERY: Reactions to Nebraska hiring Fred Hoiberg as its next head coach ]

Reach the writer at 402-473-2639 or cgrell@journalstar.com. On Twitter @LJSSportsGrell.

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