This was as expected as Santa’s rounds in a few days.
Derrick Rose has agreed to a five-year, $94 million max extension with the Bulls, reports Aggrey Sam at CSNChicago.com. That actually is a super-max deal under the “Derrick Rose” rule in the new CBA that allows players getting their first extension of their rookie deal to get 30 percent of the salary cap (up from 25 percent) if they have been named league MVP (or have made two All-Star teams). What that means is Rose will make a little more than $10 million additional in those five years.
The big raise kicks in next season, when Rose will make about $16 million.
In case you were trapped in a mine last year and missed it, Rose was named league MVP averaging 25 points and 7.7 assists, essentially carrying the Chicago Bulls offense all the way to the Eastern Conference finals. He is the Bulls cornerstone, the future, the reason they are contenders. This is a max guy without question.
The signing is good news for Bulls fans, who will have Rose around until the middle of the decade at the very least now.
Say what you will about David Kahn — and trust me, we will — the man knows why he still is pulling a paycheck.
And he said at his press conference Thursday that he wants to make sure Kevin Love gets an extension on his rookie deal. Jerry Zgoda of the Star Tribune had the tweet.
Kahn on re-signing Love: “It certainly is a priority. I expect Kevin will be a big part of this franchise for a number of years.”
Don’t screw this up Minny. Love does not qualify for the Derrick Rose rule, so he gets a rookie-max deal. Give it to him.
This is a new, thinner Kevin Love getting an extension, by the way. The Portland Tribune has this note (via SLAM).
Minnesota’s 6-9 power forward will enter training camp on Dec. 9 weighing in at 240 pounds, down about 25 from his playing weight at the end of last season. ‘Haven’t been this low since my freshman year in high school,’ quips Love, 23, the former Lake Oswego High standout.
The secret, clearly, is beach volleyball. Still not sure he fits in a pair of skinny jeans, but better conditioning is a good sign for his production this year.
Yes, the Bulls need to give some consideration to a two guard (Arron Afflalo is the perfect fit but Denver won’t let him go) and some depth up front.
But those are not the biggest priority.
Job No. 1 — keep Derrick Rose happy. He is the franchise cornerstone, the MVP, the guy who fills the seats and who sponsors pay to be associated with. He’s the meal ticket.
Which is why the Bulls are working on the framework for a new maximum extension for Rose, according to ESPNChicago.com.
Rose’s new deal will start at $17.4 million (next season), a figure he gets thanks to the “Derrick Rose” rule. As part of the new labor agreement, the rule lets rookies heading into their second contract who have made two All-NBA teams or won the MVP (as Rose did) get up to 30 percent of the salary cap (other rookies can get no more than 25 percent, meaning Rose gets about $3 million a year more).
Rose told CSNChicago.com he is flattered by and likes the rule. Ya think?
No real drama here, the Bulls will offer the deal and Rose will sign it. As it should be. There are a handful of cornerstone NBA players and when you have one you do whatever it takes to keep them.
I suppose we should have seen this coming.
Derrick Rose likes having a rule in the new NBA collective bargaining agreement named after him (one that allows players in their first four years who have been named MVP or made a couple All-NBA teams to get paid more than others in the same draft). He also probably will like the extra $3 million a year it brings him.
Rose was back at his old high school gym in Chicago — Simeon Career Academy — working out and getting ready for the season, when Aggrey Sam of CSNChicago.com caught up with him for an exclusive interview. Having a rule named after him was just part of the conversation (but the part you can see in the video above).
Rose was working on his jumper (which he needs) and his post-up game (we’ll see how much that gets used) as he prepares for a Christmas Day opening game against Kobe Bryant and the Lakers. While there are concerns in some quarters about the level of play after the lockout, Rose doesn’t see it that way.
“I think it should be fine, knowing that since the lockout, the people in the league have really good mentors telling them to keep working out, people that’s behind them, people that’s with their team, always keeping them in shape–and I think that people should knock off the rust within a couple of games and we’ll be back at it,” said Rose, who wore an as-of-yet unreleased pair of his sneakers. “‘Booz’ (Carlos Boozer) is coming back in a couple of days, ‘Jo’ (Joakim Noah) is coming back from Hawaii, I think Luol (Deng) just came from Africa.
Rose’s workout was pretty fierce, Sam said of what he saw. And his attitude has to warm the hearts of Bulls fans.
“I take it very serious, very personal. That’s one thing I’m scared of, is failure, so I’m just trying to stay away from it.”
Players on their rookie deals remain one of the great values to owners — they get players who often can contribute a lot but at a fraction of the salary of a veteran who does the same thing. Those rookie deals remain untouched in the new collective bargaining agreement.
Except for one change — if you are an elite player you can make more in your second deal than your peers. And by “elite” we mean Derrick Rose.
Let us explain. Part of the new labor deal will allow rookies getting their second contract — which starts with their fifth season — to earn the new max of up to 30 percent of the salary cap (up from 25 percent). To qualify for the bump all they need to do is win an MVP award, get voted into the All-Star Game as a starter two times or twice in their first four seasons or get named to any level of the All-NBA teams in those four seasons, Tom Ziller points out at SBN.
The difference is about $3 million more a season.
To the joy of Jerry Reinsdorf, only Rose qualifies right now, Ziller reports.
However, if Russell Westbrook makes an All-NBA team this season he can as well (he will be offered a max extension by the Thunder on Dec. 9 and this super-max possibility will likely be written into the deal — which if he reaches it means he will make more than Kevin Durant). Kevin Love would need to win the MVP to qualify, Ziller says.
So, call this the Derrick Rose rule. But it is fair to pay guys who are franchise cornerstones a little more.