Derrick Rose Contract Extension Imminent

Derrick Rose is set to make upwards of $90M over 5-years under his new contract

CHICAGO — While the news out of the Windy City continues to be the Bulls lack of free agent activity, one of the reasons they may be slow out of the gates is because of a guy they’d like to avoid making a free agent next season: reigning MVP Derrick Rose.

Rose’s rookie contract is up after this season and the Bulls have said since the end of last season that extending the superstar is a ‘top priority’.

Making that priority a reality will cost the Bulls around $90 million over the next five years. The issue of signing him remains top priority but the fallout in terms of luxury tax concerns when it comes to players also free agents next year like Omer Asik and Taj Gibson.

But focusing back n Rose, the Bulls will have to bust out the big boy checkbook to re-sign the superstar, who was aided by ‘the Derrick Rose Rule’ in the new CBA. The rule states that players of Rose’s caliber and who finish their rookie contracts in spectacular, superstar fashion are able to make up to 30 percent of the teams salary cap.

The fine print of being entitled to such cash is that said player needs to make two All-Star teams, be named to two All-NBA teams or win the MVP during the duration of their rookie contract. Rose did this and is now going to get paid — rightfully so.

“It’s unbelievable” Rose said going on to state that he earned it and hopefully it can lead the way for other rookies to out-perform their contracts and boost league talent.

In the wake of outcries of superstar pooling in large markets, hopefully Rose is leading the revolution of young players who try hard rather then get paid for nothing, an issue that lead to this offseason’s lockout.

Nevertheless, Rose will be looking at upgrading his contract in the neighborhood of 5-years and upwards of $90 million. The Bulls aren’tgoing to let Rose get away and Rose isn’t looking to move either.

“I love Chicago” he said.

A massive payday and an entire metropolitan city rallying behind you doesn’t hurt either. Now the only thing missing is that shooting guard to make Rose’s contract reflect in championships.

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