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Iowa State Head Basketball Coach Fred Hoiberg Leaves For Chicago Bulls

The fifth year Cyclone head coach departs Ames for the competition of the NBA.

Tom Pennington/Getty Images

The worst kept secret in America is drawing to a close this morning. Gary Parrish from CBS Sports was the first to provide concrete evidence that Fred Hoiberg will be signing his 5-year, $25 million deal with the Chicago Bulls within the next 24 hours.

<blockquote class="twitter-tweet" lang="en"><p lang="en" dir="ltr">Fred Hoiberg will be in Chicago today to finalize a deal to coach the Bulls, a source told <a href="">@CBSSports</a>. Press conference likely tomorrow.</p>&mdash; Gary Parrish (@GaryParrishCBS) <a href="">June 1, 2015</a></blockquote>

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<blockquote class="twitter-tweet" lang="en"><p lang="en" dir="ltr">An NBA source told <a href="">@CBSSports</a> the Bulls would like to announce the hire today and hold a press conference tomorrow. That’s the plan.</p>&mdash; Gary Parrish (@GaryParrishCBS) <a href="">June 1, 2015</a></blockquote>

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Rumors have dogged Hoiberg since talk began of former Bulls head coach Tom Thibodeau being unhappy with management; and with Thibodeau out the door in Chicago it became a matter of time before Hoiberg became the new coach in the Windy City.

Hoiberg was 115-56 as head coach of the Cyclones and is the only coach in school history to take the program to four straight NCAA Tournaments. His resume includes back to back Big 12 Tournament championships in 2014 and 2015 and a Sweet Sixteen appearance in 2014.

We'll have more on this developing situation as the story develops. For now, go read our list of potential candidates to replace the man we call Dreamy.