Sources: Fred Hoiberg signs contract worth nearly $25M to coach Chicago Bulls

Posted Jun 2, 2015
Fred Hoiberg has signed a five-year contract worth nearly $25 million to coach the Chicago Bulls, league sources told Yahoo Sports. Chicago has a news conference set for Tuesday afternoon to introduce Hoiberg as coach. Hoiberg's contract is comparable to deals that Golden State's Steve Kerr and New York Knicks' Derek Fisher signed a year ago. Hoiberg had been making $2.6 million a year at Iowa State. (Yahoo! Sports)

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