Fred Hoiberg will have open heart surgery next week to replace his aortic valve.

"After my initial surgery to replace my aortic root 10 years ago, I knew that this was something that would need to be done at some point," Hoiberg said in a statement Friday. "My valve has severe regurgitation, and the time has come to get it replaced. I am hopeful that this will be my last surgery, and I'm looking forward to getting this behind me."

Hoiberg has a 115-56 record in five seasons as the Cyclones' coach.