Dec 12, 2011, 11:20 AM EDT
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.
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.
- Bucks outwork Bulls, stay alive on Jerryd Bayless game-winner 5
- Nets use 18-0 second-half run to secure Game 3 victory over Hawks 5
- Mavericks coach Rick Carlisle fined $25K for publicly criticizing officials after Game 3 loss to Rockets 9
- PBT Extra: Stephen Curry starting to have his defining playoff moments 8
- Behind 32 points from Kawhi Leonard, Spurs rout Clippers to take 2-1 series lead 13
- The Truth (and Marcin Gortat) will set Washington free, up 3-0 on Toronto after win 8
- James Harden scores 42 points to lead Rockets to Game 3 win, 3-0 series lead over Mavericks 17
- Why can’t the Pelicans foul in a timely manner? 7