Fred Hoiberg has been officially announced as the new head basketball coach of the Nebraska Cornhuskers. Hoiberg was last head coach of the Chicago Bulls where he coached from 2015-2018, being fired from the job in December. Hoiberg's contract is for 7 years, $25 million.

Last College Job

Before Hoiberg joined the Bulls, he was the coach of the Iowa State Cyclones. In Ames, the 46-year-old had only one season where he didn't have a winning record; that was his first season where he went. 500. His other four seasons saw him make the NCAA Tournament.

His best season was the 2013-14 season where his side made the Sweet 16 and finished third in the Big 12.

Hoiberg Speaks

"First, I want to thank Bill Moos, Chancellor Green and President Bounds for the opportunity to lead the Nebraska men's basketball program," Hoiberg said. "I can't express how excited I am to be back on the sidelines and to be coaching at a university that means a lot to my family and me.

"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."