Signing Derrick Rose to a contract extension has been the Chicago Bulls GM Gar Forman’s number one priority. Objective complete. According to the Chicago Tribune’s K.C. Johnson, D-Rose has agreed to a five-year, $94 million contract. The official announcement is expected later Tuesday or Wednesday, sources told Johnson.
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The extension will kick in for the 2012-2013 season and will be an estimated $10-11 millions more than the reigning MVP would have received under the previous collective bargaining agreement. The alteration to the agreement is called the “Derrick Rose rule” and is designed to reward players who outperform their rookie contract. Multiple All-Star appearances and/or an MVP award are both qualifiers.
Rose weighed in on his long-term goals in an interview last week with ESPNChicago.
“If I won’t believe in myself, who will?” the 22-year old two-time All-Star said. “That’s how I always think of it. I always try to challenge myself. The idea is great, but it’s putting in the work. You have to really work hard if you want to win a title, and I think we got all the pieces, starting with the front office, our owners, the coaching staff, down to the players. I think that we have a legit chance to win multiple championships.”
Bulls fans can hardly wait for the road to the first one beginning Christmas day.
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