Hoiberg finished his playing career for the Minnesota Timberwolves from 2003 to 2005. He was a shooting guard and small forward and led the NBA in three-point shooting percentage in 2005. He joined the Timberwolves coach staff and worked as Vice President of Basketball Operations for the Timberwolves. Hoiberg became head coach at Iowa State in 2010. In 2012 he won the Big 12 Tournament Championship and was named the Big 12 Coach of the Year. In 2015 he became the head coach of the Chicago Bulls and signed a contract that will pay him a salary of $5 million per year.