Chicago Bulls Vice President of Basketball Operations John Paxson confirmed that head coach Fred Hoiberg will remain with the team, despite a 27-55 record, the sixth-worst in the league, according to Darnell Mayberry of The Athletic.

“Fred will be back,” assured Paxson during his exit media availability, noting that most players in the current roster will return as well.

The Bulls put themselves in a great position to draw a high pick in this upcoming NBA Draft Lottery, but Paxson warned this was something the front office felt was right to do under the current construction.

“We did this year what we felt was in the long-term best interests of the Bulls,” he said. “It’s not a situation that any of us ever want to be in again.”

“I think we’re in a better place today than we were at this time last year. More than anything, we need to come back healthy and ready to go and see what we have.”

Chicago shipped All-Star forward Jimmy Butler to the Minnesota Timberwolves during the NBA Draft, which proved a catalyst for both teams, as the Bulls drafted a future star in Lauri Markkanen, and Butler's 31 points recently helped the Wolves clinch their first playoff berth in 14 seasons.

Young pieces like Kris Dunn, Zach LaVine, and Markkanen will play a huge part in Hoiberg's system — one Bulls management decided was worth making wholesale changes around — now proving their ultimate commitment to his coaching philosophy.