RON MALY HAS BEEN WATCHING THE PARADE GO BY FOR A LONG TIME. THIS IS ONE OF HIS WEBSITES.

Tuesday, May 29, 2012

Fred Hoiberg Agrees To New 8-Year Deal Worth $1.5 Million Annually


Fred Hoiberg, who shared Big 12 coach-of-the-year honors last season, is now positioned to gain additional accolades going forward as the Cyclone basketball coach after agreeing to an eight-year contract worth an average of $1.5 million annually. In his second year as coach, Hoiberg led his alma mater to its first NCAA tournament appearance since 2005 and 23 total victories. Iowa State defeated defending national champion Connecticut before losing to eventual NCAA champion Kentucky. The Cyclones finished third in the Big 12 after being picked for the bottom quarter of the league. "Returning to Ames has been so much more than expected for our family and I'm thrilled to have the chance to continue developing a nationally competitive program at Iowa State," Hoiberg said. "The support of our fan base and commitment of our players has brought the magic back to Hilton. I am humbled with the extension, to say the least, and anxious to continue our journey at Iowa State." Hoiberg guided his 2012 team to startling upsets, last-second victories and post-season play. The team also played in front of record-breaking home crowds. He quickly and efficiently upgraded the talent on his roster and masterfully made it a cohesive and winning team. "Fred is so much more than a great basketball coach," athletic director Jamie Pollard said. "He is an outstanding leader with quiet confidence, long-term vision and a popularity with the fan base that is hard to describe. We couldn't be more pleased with Fred's long term commitment to the University" Full terms of the contract will be released at a later date. [cyclones.com].