The AP reports:

Iowa State hires Fred Hoiberg as coach

Iowa State has brought back “The Mayor” for a second term in Ames, and the Cyclones are hoping former Indiana Pacer Fred Hoiberg still has the magic touch he displayed so often as a sharp-shooting star at Hilton Coliseum.

Iowa State confirmed the swift and surprising hiring of Hoiberg late Tuesday night after finalizing negotiations with the former Cyclones star.

Hoiberg, known as “The Mayor” during his playing career, replaces Greg McDermott, who left Iowa State after four seasons to take over as coach at Creighton.