Hoiberg Agrees to 8-Year Contract with Cyclones
May 29th, 2012 by Ric Hanson
AMES, Iowa (AP) — Iowa State coach Fred Hoiberg intends to stay with the Cyclones. The university says Tuesday that the Ames native and former ISU and NBA player has agreed to an eight-year contract worth an average of $1.5 million a year. ISU says terms of the contract will be released at a later date. Hoiberg, who took his first coaching job at any level just two years ago, was named the Big 12’s co-Coach of the Year in March and took his Cyclones to the NCAA tournament for the time in seven years. Hoiberg says in a statement that returning the Ames has been “much more than expected” for his family and he’s “thrilled” to have the chance to continue coaching at Iowa State.