Report: Hoiberg to be introduced as Bulls’ coach on Tuesday

Fred Hoiberg reportedly will be introduced as the Chicago Bulls’ coach on Tuesday.

The introductory session will begin at 2 p.m. CT in Chicago, according to a report by CBSSports.com on Monday night.

Hoiberg traveled to Chicago on Monday to meet with the Bulls, and Yahoo Sports! reported that Hoiberg is signing a five-year deal worth nearly $25 million.

Although he told reporters that no deal had been finalized, he also said, “When this opportunity came about, this was something that interested me greatly. One of my life goals is to coach in that league.”

The Bulls have focused on the Iowa State coach since firing Tom Thibodeau on Thursday. Thibodeau was fired despite leading the team to the playoffs in each of his five seasons.

ESPN’s Jeff Goodman reported that the sides were expected to complete a deal, barring a last-second collapse in negotiations. Hoiberg had informed several Iowa State players and staff members that he is leaving, Goodman reported.

At the airport in Ames, Iowa, Hoiberg said “it’s been very difficult to deal with” the rumors and speculation regarding his expected departure from Iowa State, where he starred before playing in the NBA.

Hoiberg played four of his 10 NBA seasons with the Bulls and has remained close to Bulls general manager Gar Forman, who was an assistant at Iowa State when Hoiberg was a senior.

The 42-year-old Hoiberg has had two open-heart surgeries, with the first ending his playing career. Hoiberg underwent surgery to replace his aortic valve on April 17.

Since taking the helm of the Cyclones in 2010, Hoiberg has gone 115-56, and Iowa State has made the NCAA Tournament in each of the past four years.