The Chicago Bulls made it official Tuesday and named Fred Hoiberg as their new head coach.
Reports over the weekend indicated that Hoiberg agreed to a five-year deal worth about $25 million to leave the comforts of Iowa State for the hot seat with the Bulls.
Hoiberg spent five seasons as head coach at Iowa State. He led his alma mater to a record of 115-56 with NCAA Tournament appearances each of the last four years.
The 42-year-old Nebraska native played for the Bulls from 1999-2003 as part of 10-year NBA career that also included stops with Indiana (1995-99) and Minnesota (2003-05).
He underwent surgery in June 2005 to correct an enlarged aortic root, then joined the coaching staff of the Timberwolves after an attempt to come back as a player and remained in Minnesota's front office until taking the job at Iowa State.
Chicago moved quickly to find a replacement for Tom Thibodeau, who was fired late last week amid friction with the front office despite five successful seasons.
