Fred Hoiberg rewarded with new deal

Updated: May 30, 2012, 3:19 PM ET
Associated Press

DES MOINES, Iowa -- Iowa State coach Fred Hoiberg's successful second season landed him a new contract with a hefty raise.

The school announced Tuesday the former Cyclones star and longtime NBA player has agreed to an eight-year deal worth $1.5 million per year that runs through 2021.

Iowa State said terms of the contract will be released at a later date, but this deal will replace the five-year, $4.5 million deal Hoiberg signed when he took over in April 2010.

Hoiberg, ...

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