Report: Fred Hoiberg’s deal with the Bulls is five years, $25 million

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The Bulls will name Fred Hoiberg their next head coach on Tuesday afternoon, and his deal is a big one, according to Yahoo’s Adrian Wojnarowski:

This is about in line with the deals that other first-time coaches have gotten in recent years. Steve Kerr and Derek Fisher got five-year, $25 million deals with the Warriors and Knicks, respectively, and Billy Donovan signed a five-year, $30 million contract with the Thunder in April. Hoiberg’s salary at Iowa State had been around $2.6 million, and his Bulls deal is almost double that.