Fred Hoiberg Signs 10 Year Extension, Stays at Iowa State

Collin KottkeCorrespondent IIIMarch 28, 2013

DAYTON, OH - MARCH 24:  Head coach Fred Hoiberg of the Iowa State Cyclones looks on from the sideline in the second half against the Ohio State Buckeyes during the third round of the 2013 NCAA Men's Basketball Tournament at UD Arena on March 24, 2013 in Dayton, Ohio.  (Photo by Jason Miller/Getty Images)
Jason Miller/Getty Images

The Mayor is staying home. ESPN's Andy Katz is reporting that Fred Hoiberg has signed a ten-year, $20 million contract to stay on as the Iowa State Head coach through the 2022-23 season.

Hoiberg had playing stints in the NBA with the Indiana Pacers and Chicago Bulls before retiring as a member of the Minnesota Timberwolves due to a now-solved heart condition. During his NBA career Hoiberg was known for his great three-point shooting ability. He then accepted a front office position with the Wolves as Vice President of Basketball Operations.

But it all started in Ames, Iowa for Fred Hoiberg which makes this move honestly quite heart warming. Hoiberg attended Ames High School where he was the starting quarterback on the football team with a scholarship offer from Nebraska and won the state basketball championship and Iowa’s Mr. Basketball honors in his senior season in 1991.

He then went on to play ball at hometown Iowa State University right there in Ames. He played in 126 games for the Cyclones and started 123 of those contests.

In 2010, Hoiberg took over the Iowa State basketball program and has made the tournament two out of his three years at the helm, both times winning a game. Hoiberg’s career coaching record sits at 62-39 overall and 26-26 in conference (mainly due to a 3-13 first season).

Hoiberg won the Big 12 Coach of the Year award in 2012 along with Kansas Jayhawks head coach Bill Self. He received the accolade after improving the Cyclones record nine games from 2011 to 2012, the best one-year improvement ever in the Big 12.

In the decision, Hoiberg turned down a big charge by the University of Minnesota who recently fired Tubby Smith and lost in the Shaka Smart contest.