(Photo by Kevin C. Cox/Getty Images)
Today the Bulls announced that they have signed Derrick Rose to a five-year contract extension. According to reports, D-Rose’s deal is worth about $94 million.
Via Bulls:
GM Gar Forman
“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,” said Chicago Bulls General Manager Gar Forman. “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, as he helps lead us in our quest to become a championship team.”
Derrick Rose
“It is a dream come true to play for the Chicago Bulls, and with this new contract the dream continues. I am very thankful to Jerry Reinsdorf and the Chicago Bulls organization, my teammates and coaches, and to the city of Chicago,” said Rose. “It is an honor to play in the city that I grew up in, and I am very appreciative of this opportunity with my hometown Bulls. I want all of our fans out there to know that I am committed to one goal and that is winning an NBA championship for Chicago.”
There is a new rule in the CBA called the “Derrick Rose Rule” which made this extension possible for D-Rose.
The rule allows a player finishing his rookie contract to make 30 percent of a team’s salary cap — up from 25 percent — if he’s twice been voted an All-Star starter, twice been voted All-NBA or won an MVP award.
