Bulls near five-year max extension with Derrick Rose

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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.

The Chicago Bulls are nearing a max extension with Derrick Rose, reports the Chicago Tribune.

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.