The Chicago Bulls have made it official: Reigning MVP Derrick Rose has agreed to a five-year contract extension.
The deal extension, which kicks in next season, was announced on Wednesday. It is worth approximately $94 million, a person familiar with the situation told The Associated Press late Tuesday on condition of anonymity because the team has not released details.
“We are thrilled that we have signed Derrick to an extension. On top of being a great player, what has set Derrick apart is his make-up, character, drive and his leadership,” general manager Gar Forman said. “That being said, we believe his greatest asset is his loyalty to his teammates, to our organization and to the city of Chicago. We look forward to having Derrick in a Bulls uniform for years to come.”
The extension was hardly a surprise given all that Rose has accomplished so far.
The Chicago native went from Rookie of the Year to All-Star to MVP in his first three seasons, becoming the youngest player to win that award. About the only thing he doesn’t have is a championship ring, and that’s something he hopes to change in Year 4.
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Bulls hand Rose five-year extension