Rose Signs 5 Year Extension With Bulls

[Built Ford Tough]

Derrick Rose has agreed to his five-year, roughly $94 million contract extension and the Bulls plan to make the formality official either later Tuesday or Wednesday, sources told the Tribune.

 

The extension is for roughly $10-11 million more than Rose would've been eligible for under the previous collective bargaining agreement. However, a new rule, which has been nicknamed the "Derrick Rose rule" rewards players who outperform their rookie scale contract. Rose qualifies for one of the three stipulations by virtue of becoming the youngest most valuable player in NBA history last season.

 

The extension will begin in the 2012-13 season and is eligible to start near $16 million in the first year. Rose, 23, told the Tribune recently that he isn't focused on the financial windfall.

 

"I don't play for money," he said. "I play to win."

 

http://www.chicagotribune.com/sports/basketball/bulls/chi-rose-agrees-to-fiveyear-contract-extension-with-bulls-20111220,0,3389249.story

 

Not that this should really surprise anybody as it was obvious that he was going to sign an extension with the Bulls.

 

Bulls are pretty much locked into their core now, though. Noah, Rose, Deng and Boozer are all signed to big money, long term deals and it is going to be difficult for them to make any real major changes to the roster, should they have to.

 

This situation could easily end up similar to the one that Howard found himself in Orlando. A good, but debatable as to whether or not it is a championship calibre, core locked into long term deals that limit any sort of roster flexibility.

[TheNotoriousBANG]

Great extention, this is why bulls gm's are so smart

 

just like Jordan, when they have talent they keep it. You don't see Chicago losing thier stars

they kept pippen and jordan till as long as they could they'll do the same with Rose

[Flash]

Should've waited and given himself options. That's how you avoid things like the Chris Paul/Melo/Dwight situations.

[Built Ford Tough]

Great extention, this is why bulls gm's are so smart

 

just like Jordan, when they have talent they keep it. You don't see Chicago losing thier stars

they kept pippen and jordan till as long as they could they'll do the same with Rose

 

To be fair, Rose wasn't going anywhere.

 

Howard, Paul, James, Williams, Anthony, Bosh, Stoudamire and pretty much every star coming off of their rookie contract is going to sign an extension because they are going to want to get as much financial stability as possible. Also, they don't really have a choice considering they are RFA's anyways.

 

It is the 2nd contract after the rookie one where we will find out just how loyal guys like Rose, Durant, Griffin etc... are. That is the time when players will seriously contemplate leaving their original team because they will be much more set financially and will have much more freedom to be able to move to another team.

 

That isn't to say that Rose will leave or anything like that as who really knows what will happen.

[Flash]

To be fair, Rose wasn't going anywhere.

 

Howard, Paul, James, Williams, Anthony, Bosh, Stoudamire and pretty much every star coming off of their rookie contract is going to sign an extension because they are going to want to get as much financial stability as possible. Also, they don't really have a choice considering they are RFA's anyways.

 

It is the 2nd contract after the rookie one where we will find out just how loyal guys like Rose, Durant, Griffin etc... are. That is the time when players will seriously contemplate leaving their original team because they will be much more set financially and will have much more freedom to be able to move to another team.

 

That isn't to say that Rose will leave or anything like that as who really knows what will happen.

 

Ahh, my mistake. I forgot he was coming off his rookie deal. IMO he should've gone the rout of the shorter extension similar to what LBJ, Wade and Bosh did (I know, I know). Just feel like he should give himself options and you get the big pay day sooner rather than later.

[AboveLegit]

This situation could easily end up similar to the one that Howard found himself in Orlando. A good, but debatable as to whether or not it is a championship calibre, core locked into long term deals that limit any sort of roster flexibility.

It's possible because they have no definite second star in Chicago, but his situation is much different than Dwight's in Orlando. Chicago has invested money into players coming into their prime (with the exception of Boozer who I believe was a mistake). Deng has some room to grow, as does Noah. Not to mention, Chicago drafts very well.

 

And I know people will be quick to point out LeBron's comments when he was in Cleveland, but Rose genuinely wants to be here long term and wants to win here. His mentality is why fans love him so much, he doesn't care for teaming up with other stars, he wants to win by himself. Just last year we thought it was far fetched when he said "Why can't I be MVP?" but he backed it up and did exactly what he wanted to do. And I remember during the 2010 offseason when he refused to recruit players to play in Chicago.

[Built Ford Tough]

It's possible because they have no definite second star in Chicago, but his situation is much different than Dwight's in Orlando. Chicago has invested money into players coming into their prime (with the exception of Boozer who I believe was a mistake). Deng has some room to grow, as does Noah. Not to mention, Chicago drafts very well.

 

They still have next to no financial flexibility, no true 2nd star and not much in the form of trade assets to make a roster shake up if they need to.

 

A few years ago people said the same thing about the Magic. They had Rashard Lewis at 28 years old, Hedo Turkoglu at 28 years old and a 25 year old Jameer Nelson who were all either entering or in the early years of their primes.

 

That is certainly comparable to a 30 year old Boozer, 26 year old Deng and 26 year old Noah. It isn't an exact comparision, but its not like the Magic had a bunch of over the hill vets. Their core were all under 30, just like the Bulls current team (minus Boozer being exactly 30).

 

I also don't see Deng or Noah really developing much more. Both have, at least in my opinion, pretty much peaked in their development and what you see is basically what you will get out of them for the forseeable future. I could be wrong, but I really don't see either one of them growing much at all.

 

The team is good, but I do have questions as to whether they are good enough to beat the Heat in a 7 game series, which they will have to do if they ever want to win an NBA Championship.

 

And I know people will be quick to point out LeBron's comments when he was in Cleveland, but Rose genuinely wants to be here long term and wants to win here. His mentality is why fans love him so much, he doesn't care for teaming up with other stars, he wants to win by himself. Just last year we thought it was far fetched when he said "Why can't I be MVP?" but he backed it up and did exactly what he wanted to do. And I remember during the 2010 offseason when he refused to recruit players to play in Chicago.

 

I know you said this in your post, but people said literally the exact same thing about LeBron in Cleveland. He wanted to be there long-term, he wanted to win a ring for his hometown team, etc...

 

I'm not saying that he will leave or anything like that, but at the end of the day, I'm not going to rave about Rose or Durant's loyalty because they signed an extension after their rookie contract. What they do with their 3rd contract is a much truer indicatior or their personality than their 2nd contract.

 

 

Ahh, my mistake. I forgot he was coming off his rookie deal. IMO he should've gone the rout of the shorter extension similar to what LBJ, Wade and Bosh did (I know, I know). Just feel like he should give himself options and you get the big pay day sooner rather than later.

 

It wouldn't have actually made any difference in terms of dollar figures because of the new "Derrick Rose Rule" in the CBA. Because he won the MVP last season he was eligible for 30% of the cap starting his 5th season in the league, or, in other words, after his rookie season. The amount of money he can make was equivalent to what players with 7 years in the league.

 

Basically, he was eligible for the exact same extension that James, Wade and Bosh were eligible for in the summer of 2010 so signing a shorter deal wouldn't actually put him in a positiont o make more money.

 

You do have a valid point about options, though.

[Flash]

Ah, forgot the new rule. I just feel like committing to a questionable situation like this is a big risk for him. I don't think he has the same personality as any of the other guys who have demanded trades but I don't think its out of the question with him.

[AboveLegit]

See, I'm very skeptical of Boozer because players that tend to get injured a lot in their 20's generally fall off once they hit 30. But his fundamentals are impeccable, and his positioning and footwork in the paint are great. His game doesn't require athleticism, so I really do think he can only improve as a Bull from here. Even if Boozer does fail, it won't kill a franchise the way Peja, Arenas, Shard, or even Ben Wallace's contracts did because they have Taj Gibson backing him up. If Taj can get stronger, develop a consistent jumpshot, and implement a go to move in the paint, he will be a very good starter in this league.

 

I think Luol still has room to grow. His game continues to developwhen he plays for a good coach, at Duke you saw him improve as the season went on, most of Skiles tenure brought out the best in him, and under Thibs as well. The only exception is the VDN era when there was no sense of direction for the team. The '07 playoffs is a great indicator of how good he can be. 22PPG and nearly 9RPG in 10 playoff games is impressive, and he did it efficiently. I credit Skiles a lot because his motion offense was the ideal situation for Deng's game. His strong suit is coming off baseline screens and using his deadly accurate midrange jumper. I firmly believe he's a great fit alongside Rose, it's just that we have yet to see this Chicago team at it's best because Boozer hasn't been at his best.