Hoiberg was the Vice President of Basketball Operations with the NBA's Minnesota Timberwolves and played 10 seasons in the NBA with three different teams after being drafted by the Pacers in the second round of the 1995 draft.
McDermott coached at Iowa State for four years after leading Northern Iowa to three straight NCAA tournament appearances.
Hoiberg spent three years as the Wolves' assistant general manager after retiring from the NBA in 2006. He played four years at Iowa State, finishing third in school history in scoring (1,993 points), first in 3-point field goals made (183) and third in steals (207).
Hoiberg was named Iowa's top high school football and basketball player and won a Iowa state basketball championship in his senior year at Ames.