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Bulls near five-year max extension with Derrick Rose

Dec 12, 2011, 11:20 AM EST

Chicago Bulls v Atlanta Hawks - Game Six Getty Images

With all due respect to that guy trying to sell you on refinancing your mortgage, this is the biggest no-brainer in the history of mankind.

The Chicago Bulls are nearing a max extension with Derrick Rose, reports the Chicago Tribune.

General manager Gar Forman said the formality of Rose’s five-year, $94 million extension is being finalized with Rose’s agents, Arn Tellem and B.J. Armstrong.

“Derrick is the centerpiece of what we’re putting together here,” Forman said. “We want Derrick to be a Bull for a long, long time. It’s very important that we put the right pieces around Derrick.”

Thanks to the new “Derrick Rose Rule,” Rose will get a larger percentage of the Bulls revenue. Most players can get a max extension to their rookie deal of 25 percent of the salary cap, but if that player has been named MVP (or started to All-Star games) he can get up to 30 percent. Rose was named league MVP last season.

And he’s worth every penny to the Bulls, on the court and at the gate.

  1. 973yenots - Dec 12, 2011 at 11:27 AM

    I always think of what could’ve been! If Miami would’ve got that damn lottery pick! Bulls better keep that guy happy. Rose is a BEAST!!!!!!

  2. thatboi901 - Dec 12, 2011 at 11:33 AM

    Wade and Rose would of been quite the backcourt

  3. therealhtj - Dec 12, 2011 at 12:01 PM

    It’s the right move. Enjoy having 0 cap flexibility going forward!

    Regards,

    The Lakers, Knicks, Heat, and Maverick.

    • duhgrate1 - Dec 12, 2011 at 5:12 PM

      Enjoy having championship caliber teams for years to come in arenas filled to near capacity. We wish someone would come and play with us.

      Regards from,
      Cleveland, Orlando, Sacramento, Indiana, Toronto, New Orleans, New Jersey.

  4. Chris Fiorentino - Dec 12, 2011 at 12:05 PM

    Wait a second!!! I thought the plan was for a superstar to play out his rookie contract, and even though his team may have won 60+ games one year and made the playoffs every year he was there, he was supposed to team up with a couple other superstars and take his talents to someplace other stars want to play? Oh yeah, Chicago is already a pretty big market where guys want to come play, so there is no reason for this to happen here. Got it confused with New Orleans, Toronto and Cleveland…my bad.

  5. ogyu - Dec 12, 2011 at 12:19 PM

    Hey, geniuses. It’s “due respect,” not “do respect.”

  6. asublimeday - Dec 12, 2011 at 12:40 PM

    Best PG of all time when he hangs em up in 15 years

    • comeonnowguys - Dec 12, 2011 at 1:09 PM

      I love the guy, having not had Michael Jordan to watch for 10-12 years, I enjoy every single game and drive to the hoop, but without a change of playstyle, he’s just not going to last that long. Unless he winds up like T-mac or Grant Hill, hanging on after the body gives out.

  7. andyreidisfat - Dec 12, 2011 at 1:49 PM

    @asublime. Rose isn’t even the best pg in basketball now.

    I love rose and I am happy for him but IMO max deals should only be for bigs thatt win you championships.

    Rose is good but with out help he will never win a title. Only Jordan could do that as a small guard.

    • blueintown - Dec 12, 2011 at 3:22 PM

      Jordan had help. He had two hall of famers and a hall of fame coach.

  8. florida727 - Dec 12, 2011 at 1:52 PM

    What do you think is going through Jordan’s head right about now? With the exception of 1996-1997 and 1997-1998 when the Bulls paid him $30+ million each year, his largest annual take was “only” $4 million (twice). 94 in 5? Wow! Jordan’s first 2 years were $630,000 and $845,000. What a difference a decade makes :)

    • blueintown - Dec 13, 2011 at 7:03 AM

      Jordan’s first season was 27 years ago (Good God, is that true?)

  9. mialto - Dec 12, 2011 at 1:58 PM

    Only 5 years? Why not 8-10 years? Ughh

    • Kurt Helin - Dec 12, 2011 at 5:14 PM

      Five is the max allowed under league rules.

  10. king7key - Dec 12, 2011 at 2:02 PM

    This is great news but expected. My biggest concern is SG right now. Also offering the magic a helleva deal for dwight howard. I know playing with friends is important for him. So maybe if we could offer Arenas a low risk contract that will make us appeal more to him. Giving that his boy C Boozer already here.

  11. sterko - Dec 12, 2011 at 3:17 PM

    Clip it, Hang it, Klitch it

    Get a Klitch!

    Theklitch!

  12. goforthanddie - Dec 13, 2011 at 1:46 AM

    What exactly is there to negotiate in a max deal?

  13. cluelessdufus - Dec 13, 2011 at 2:56 AM

    having to live through all the bad seasons since jordan,pippen,rodmen left as a bulls fan it makes it better to see this

  14. mistercharitystripe34 - Dec 13, 2011 at 12:15 PM

    Christmas couldn’t arrive any sooner. Rose vs. Kobe. Should be a great opener.

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