Fred Hoiberg agreed to a 10-year, $20 million deal that will keep him at Iowa State through the 2022-23 season.
“I wanted to be here,” Hoiberg said after the contract was announced. “I’m thankful this deal got done. I’m excited to be the coach of the Cyclones for a very long time.”
Hoiberg acknowledged that he received coaching inquiries from NBA franchises.
“It's been great for me to be home,” Hoiberg told reporters at last week’s NCAA Tournament. “I grew up five blocks from Hilton Coliseum, used to walk to games. I was a ball boy as a kid. I was a ball boy for the football team, and I've just always had such a great passion for Cyclone athletics.
“To be back there coaching now, it's a dream come true for me.”