Big raise for Iowa State basketball coach Fred Hoiberg

Iowa State has given coach Fred Hoiberg a $600,000 a year raise, bumping his annual salary to $2.6 million.

The Cyclones announced Hoiberg's revised contract on Friday.

Hoiberg just finished his fourth and most successful season at Iowa State.

He led the Cyclones to 28 wins, a Big 12 tournament title and the program's first Sweet 16 appearance in 14 years.

Hoiberg, a former star with the Cyclones, agreed to a 10-year, $20 million contract in March of 2013.

The $600,000 raise in annual compensation is the only change to that deal, which runs through 2023.