Iowa State Cyclones, Fred Hoiberg Agree to 10-Year Contract Extension
As the 2013 NCAA Tournament winds down to its later rounds, the coaching carousel around college basketball only heats up.
Iowa State is not allowing its head coach to go anywhere however, as the Cyclones and Fred Hoiberg agreed to a ten year contract extension on Thursday night. Hoiberg, who has taken Iowa State to back-to-back NCAA Tournament appearances, is a name on the rise, but he intends on building a Cyclones program that he once played for.
Known more commonly as “The Mayor,” Hoiberg starred at Iowa State from 1991-1995 before playing in the NBA until 2005. Hoiberg took over the program at Iowa State prior to the 2010-11 season and has notched a 62-39 record overall in his three seasons in Ames.
The key to Hoiberg’s success has been the addition and strong player of a number of notable newcomers and transfers. Iowa State has not only qualified for the NCAA Tournament in each of the past two seasons, but they’ve also won a game within the Big Dance on both occasions.
According to reports, Hoiberg and Iowa State agreed to a ten year extension on Thursday that will keep the Mayor in Ames through the 2022-23 season. Hoiberg’s contract during that length will be worth roughly $20 million.
It’s a well deserved contract and one that Iowa State needed to hand out if they hope to continue being relevant within the Big 12 Conference. In three short seasons, Hoiberg has clearly shown his ability to lead the Cyclones and get them to the postseason.
Follow Paul Seaver on Twitter: @PaulSeaverRS
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