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Bulls Announce 5-year Extension for Rose
DEERFIELD, Ill. (AP) -- The Chicago Bulls have made it official: Reigning MVP Derrick Rose has agreed to a five-year contract extension.

The deal extension, which kicks in next season, was announced Wednesday. It is worth approximately $94 million, a person familiar with the situation told The Associated Press on condition of anonymity because the team has not released details.

The extension was hardly a surprise given all that Rose has accomplished so far.

The Chicago native went from Rookie of the Year to All-Star to MVP in his first three seasons, becoming the youngest player to win that award. About the only thing he doesn't have is a championship ring, and that's something he hopes to change in Year 4.

(Copyright 2011 by The Associated Press. All Rights Reserved.)
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