LINCOLN, Nebraska -- It's official: Fred Hoiberg is the new men's basketball coach at the University of Nebraska.
The university announced the hiring Saturday in a press release, saying athletic director Bill Moos will officially introduce Hoiberg as head coach at a press conference in Lincoln on Tuesday.
Nebraska and Hoiberg agreed to a 7-year deal worth $25 million. That will make Hoiberg the third highest paid coach in the Big Ten and the 11th highest paid in the country.
ESPN reported Hoiberg and Nebraska had been in negotiations for most of the week and that Nebraska initially reached out to Hoiberg in February.
In a statement in the release, Hoiberg discussed his close ties to the the university and the state of Nebraska.
“Lincoln is a special place for our family. I was born in Lincoln, my grandfather Jerry Bush was the head coach at Nebraska, my other grandfather was a long-time professor there, and my parents are proud graduates of the University of Nebraska. Nebraska has always felt like a second home," said Hoiberg.
“When you look at him, you see an individual who has had success as a player and a coach,” Moos said. “Fred’s background will sell itself on the recruiting trail, and help us bring in the type of student-athletes needed to compete at the highest level. His style of play not only will be appealing to prospective recruits, but will also provide our great fans an entertaining brand of basketball.”
Hoiberg most recently coached for the Chicago Bulls in the NBA, before the Bulls fired him in December of 2018 after more than three seasons as head coach.
He got his coaching start at Iowa State, where he coached from 2010-2015. He took the Cyclones to four NCAA tournaments and a Sweet 16 appearance in 2014. He also won two Big 12 tournament championships with Iowa State.
Hoiberg was born in Lincoln, Nebraska, and his grandfather, Jerry Bush, was Nebraska's head basketball coach from 1955-1963.
Hoiberg will take over for Tim Miles, who Nebraska fired on Tuesday after seven seasons at the helm.