It’s official: Derrick Rose agrees to max extension with Bulls

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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.