Former Iowa State guard Fred Hoiberg will be the next head coach of the Cyclone men’s basketball team, the ISU Athletics Deparment confirmed with a news release late Tuesday.

Players and multiple reports had confirmed that the Ames native and fan favorite was set to become Greg McDermott’s successor at the helm even before the confirmation.

Hoiberg was in talks for the job from the early evening, and players had been notified that the former All-Big Eight first teamer was in line to take over.

“We should find out really soon if that’s the case,” junior guard Charles Boozer said Tuesday.

Hoiberg was a four-year starter for the Cyclones, logging just less than 2,000 points and was inducted into the ISU Athletics Hall of Fame in 2005.

After leading Ames High School to a state championship his senior year, and Iowa State to three NCAA tournament bids, “The Mayor” played 10 seasons in the NBA. He held a management position with the Minnesota Timberwolves, the organization he finished his career with, ever since.

Chris Colvin, a point guard on the ISU men’s basketball team during the 2009-10 season, said Tuesday that he heard Hoiberg would be the next coach.

Colvin, who announced he would leave Iowa State after the conclusion of the season, said he first heard of Hoiberg’s potential hire at approximately 6:30 p.m.

The guard said he hasn’t changed his mind on his transfer officially yet, but said he is considering it.

“I don’t know too much about Mr. Hoiberg, but I didn’t know too much about coach McDermott, either,” Colvin said. “Whatever happens, it’ll be a new start for me.”

ISU forward LaRon Dendy confirmed the hire Tuesday night via twitter, and stated, “Congrats to Fred Hoiberg for being names the Head Coach for ISU men’s basketball..now let’s go to work!!!”

Check back to iowastatedaily.net through the night for further updates.