Two items about Iowa State coach Fred Hoiberg. First, Randy Peterson of the Des Moines Register has the scoop on The Mayor’s contract.
Iowa State basketball coach Fred Hoiberg will earn $100,000 in contract incentives this weekend if the Cyclones beat Baylor in the championship game of the Big 12 Conference tournament.
According to Hoiberg’s contract, he gets $50,000 if Iowa State wins the conference tournament, and $50,000 if his team is selected for the NCAA Tournament.
So he’s at least got $50,000 coming his way when the NCAA Selection committee unveils the brackets at 5 p.m. Sunday. That will increase by $25,000 with each NCAA Tournament victory.
Hoiberg is in the middle of a 10-year deal worth a total of $20 million through 2023. He will earn $1.7 million in 2014. That increases by $100,000 each year of the contract.
And Jon Rothstein of CBSSports.com writes that Iowa State should consider giving coach Fred Hoiberg a life-time contract.
Is it really that crazy of a proposition? Hoiberg is 87-46 in four seasons as head coach at his alma mater and has the Cyclones in the Big 12 title game against Baylor. "The Mayor" has already turned down multiple NBA jobs and will have the option of going to the pros every year if Iowa State doesn't give him the type of commitment he deserves.
Hoiberg received a 10-year contract extension after last season but with the way the Cyclones' brand has exploded in the past few years, he deserves to have the right to be Iowa State's head coach as long as he wants. The Cyclones are on the verge of their third consecutive NCAA Tournament and are now competing with the top teams in their conference on a regular basis.
Another thing to consider? No one will ever be more suited to be an ambassador for Iowa State than Hoiberg. He grew up in Ames, starred there in college, and has now made Hilton Coliseum one of the premiere venues in college basketball. This is his show and he should be able to run it for however long he wants.