Sources: Bulls, Hoiberg Working on Five-Year Contract

The Chicago Bulls are negotiating a five-year contract with Iowa State coach Fred Hoiberg to become their next head coach, multiple league sources told ESPN’s Andy Katz and Nick Friedell.

Sources expect the deal to be done by the middle of next week at the latest. Although contract language is still being hammered out, multiple sources said the feeling from many within the Bulls organization is that the deal is all but complete.

Source: ESPN.com