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Report: Fred Hoiberg to be unveiled as Chicago Bulls coach

The Chicago Bulls will reportedly unveil Fred Hoiberg as their new coach on a five-year deal on Tuesday.

The Chicago Bulls will reportedly unveil Fred Hoiberg as their new head coach later today.

The 42-year-old, who currently coaches the Iowa State Cyclones, has been the favourite to replace Tom Thibodeau since the latter's dismissal last week.

According to The AP, the Bulls will announce Hoiberg as Thibodeau's successor at a press conference today.

Hoiberg's contract is said to be a five-year deal worth around $25m (£16.4m). He currently makes $2.6m (£1.7m) a year with Iowa State.

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Head coach Fred Hoiberg gestures against the UAB Blazers during the second round of the 2015 NCAA Men's Basketball Tournamenat at the KFC YUM! Center on March 19, 2015
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