Severe Weather Alert Follow Us On Twitter #KCRGWX

Winter Weather Alert Follow Us On Twitter #KCRGWX

Current Alerts

Current Alerts Click to learn more

X Close

Iowa State Releases Details Of Hoiberg's Contract

Meet The Team

    • Video
    • Photo
    Video player is loading
    AMES, Iowa (AP) It would cost Iowa State coach Fred Hoiberg $2 million to leave the Cyclones for another Division I school under a new contract signed last week and made public Tuesday.

    Hoiberg agreed to a new 10-year, $20 million deal in March after leading Iowa State to back-to-back NCAA tournament appearances.

    Hoiberg would essentially owe a year's salary to Iowa State if he leaves for another school. Hoiberg's buyout will be just $500,000 if he accepts a job as a head coach or general manager in the NBA.

    Hoiberg also receives $250,000 for reaching the Final Four and $100,000 for winning or tying for the Big 12 regular season title.

    Hoiberg's new deal, which mirrors one recently signed by football coach Paul Rhoads, runs through 2023.