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.
Assistant coach Jim Boylen has been promoted to replace Hoiberg as head coach.
Hoiberg spent plenty of time on the hot seat in his three-plus seasons in Chicago. The same can be said about Paxson, but he doesn't have a cat-sounding name, so the pun didn't work so well. His 155 losses are the fifth most by a coach in Bulls franchise history. And he handled a lot of hard situations with class. "I understand the pressure and the expectations to get this turned around quickly". They are now 28th in numberFire's NBA Team Power Rankings.
Boylen said he will add Dean Cooper from the Bulls G league affiliate, Windy City, to the coaching staff. Boylen said he plans to meet with players and coaches individually in IN this evening to discuss their respective roles on the team. LaVine played only 24 games last season, after tearing the ACL in his left knee. While Hoiberg knew he was under the microscope, he fully expected to at least get some time coaching a relatively healthy roster before management acted.
Hoiberg still wants to coach, preferably at the National Basketball Association level, a source said.
Hoiberg played for the Bulls for four seasons and was recruited by Forman to replace Tom Thibodeau, who was sacked after five seasons.
Paxson also said the Bulls are committed to Boylen as their long-term head coach and that general manager Gar Forman is "absolutely safe".
As a senior that season, Boylen was the runner-up to the late Reggie Lewis, who was drafted by the Boston Celtics, as the conference player of the year.
"We want Jim to be our head coach next season", Paxson told reporters, via Malika Andrew of ESPN. Boylan and Boylen once worked together at Michigan State.