DEERFIELD, Ill. - 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 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."
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