Iowa State head coach Fred Hoiberg became a hot commodity after leading the Cyclones to the NCAA Tournament, but he won't be going anywhere, according to athletic director Jamie Pollard.
Pollard announced a 10-year, $20 million contract via Twitter late Thursday.
"Excited to share with #CycloneNation that Coach Hoiberg has agreed to a 10 year, $20 million contract to stay a Cyclone! Release forthcoming," Pollard wrote.
The Minnesota Golden Gophers were on a growing list of suitors that reportedly included multiple NBA teams.
Multiple reports linked the University of Minnesota to Hoiberg, who spent 10 years in the NBA, including a stint with the Timberwolves, before a heart condition forced him to retire. ESPN 1500 in Minneapolis classified the interest from the Golden Gophers as "serious" earlier Thursday.
Hoiberg, who attended Iowa State, never appeared likely to leave.
Minnesota fired Tubby Smith after the Golden Gophers were eliminated from the NCAA Tournament last week.
UCLA and Minnesota, who met in the second round of the NCAA Tournament, were reportedly suitors of Shaka Smart. The 35-year-old spurned outside interest to sign a contract extension through 2023 with VCU.