Fred Hoiberg has come to the next head coach at Nebraska, sources confirmed ESPN.
Sources told ESPN's Adrian Wojnarowski that Hoiberg wants to receive a seven-year, $ 25 million contract, which is expected to sign on Saturday
Hoiberg is expected to attend a news conference early next week.
Nebraska and the former Iowa State and Chicago Bulls had been in negotiations for most of the week, after The Cornhuskers initially gauged Hoiberg's interest in February.
Hoiberg, who was born in Lincoln and whose grandfather was the head basketball coach from 1955-1963, fired by the Chicago Bulls in December after more than three seasons as head coach. He had consistent success during his five seasons at Iowa State, where he cycled to four NCAA tournaments, including a trip to the Sweet 1
The 46-year-old Hoiberg had been interested in coming back
Hoiberg replaces Tim Miles, who fired earlier this week after seven seasons in Lincoln.
St. John's assistant coach Matt Abdelmassih is expected to join Hoiberg's staff at Nebraska, sources told ESPN. Abdelmassih worked under Hoiberg at Iowa State and handled most of the recruiting for the Cyclones.