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Details of Fred Hoiberg deal revealed

Updated: May 7, 2013, 6:12 PM ET
Associated Press

AMES, Iowa -- 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 ...

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