The Bulls have gotten off to a horrendous 5-19 start to the season, and since taking over prior to the 2015-16 campaign, Hoiberg has amassed 115 wins compared to 155 losses in a little over three years.
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In the three seasons he has been at the helm, the Bulls have missed the playoffs twice and lost in the first round of the playoffs.
Hoiberg played four seasons in Chicago and has a long history with Forman. This all presumably felt a lot different from Hoiberg's time as the successful coach of Iowa State, where he spent the five years before taking the Bulls job in June of 2015.
Multiple outlets reported that Boylen is not being given an interim tag, and presumably will coach the Bulls at least through the 2018-19 season. Hoiberg had been115-56 at Iowa State, including four straight NCAA tournament appearances and back-to-back Big 12 tournament titles. With Rose's departure the Bulls became "Jimmy Butler's team" - the same Jimmy Butler that left for Minnesota and then demanded his way out of there too, arriving in Philadelphia earlier this year. Paxson and Forman have hired Bill Cartwright, Scott Skiles, Vinny Del Negro, Tom Thibodeau and Hoiberg.
Hoiberg's first season began with championship aspirations but quickly devolved because of a divided locker room and a team on its last legs. They got Markkanen, Dunn and Zach LaVine and appeared to be on the right track last season, with their competitiveness and player development.
Following the exodus of former Coach of the Year Tom Thibodeau, the front office pairing of John Paxson and Gar Forman made a decision to go with a more modern approach to their next hiring.
"What I hope we can do is own "Bulls" across our chest better", said Boylen.