According to an Iowa State release, Fred Hoiberg has agreed to a 10 year, 20 million dollar extension to remain the head coach at Iowa State, after rumors were swirling that NBA teams were sniffing at him, and that Minnesota was in talks with him to replace the fired Tubby Smith.
Fred Hoiberg had the following to say: "When I returned to the University three seasons ago, it was a dream come true. The progress that we have made so far has been very rewarding, but there is more work ahead. I sincerely appreciate the support that President Leath and Jamie (Pollard) have given me. Ames is my home and Hilton Coliseum has given me countless memories as both a player and coach. I look forward to continue leading a program that Cyclone fans can be proud of."
Is ten years all that's in the plans for the dreamiest coach in college basketball?
Once a Cyclone, always a Cyclone! Thank you President Leath and Jamie Pollard for believing in me!— Fred Hoiberg (@ISUMayor32) March 29, 2013
Just got off the phone with Fred Hoiberg. "I hope to coach here until I retire," he said.— Travis Hines (@TravisHines21) March 29, 2013
With both Hoiberg and Paul Rhoads locked up to identical 10 year contracts, the football and basketball programs look to be in great shape. Once again, credit Jamie Pollard for getting the deal done quietly and quickly, before rumors of a departure became rampant among fans and media.