Iowa State bumps Hoiberg's salary to $2.6 million

Iowa State has given coach Fred Hoiberg a $600,000 a year raise, bumping his average annual salary to $2.6 million in an effort to keep ''The Mayor'' in Ames for life.

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.

According to Winthrop Intelligence, a company that helps college athletic directors with finance management, Hoiberg's new annual salary ranks near the top 10 nationally.