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MVP Rose Signs Extension With Bulls

Five-year, $94 million deal kicks in at the beginning of the next season

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    NEWSLETTERS

    NBAE/Getty Images

    Derrick Rose, the NBA's reigning MVP, has signed a five-year, $94 million contract extension with the Chicago Bulls.

    "I never would have thought in a million years I'd sign a contract like this," Rose said at the news conference at the Berto Center on Wednesday. "No one from Englewood's ever been in my position, so sometimes I think, why me?

    The always-humble Rose professed gratitute to God, the Bulls, the city of Chicago and his fans. Turning to his mother, Brenda, he said, "Mom, we finally made it."

    Rose to Mom: "We Finally Made It"

    [CHI] Rose to Mom: "We Finally Made It"
    Derrick Rose speaks with reporters after signing a five-year, $94 million contract extension with the Chicago Bulls.

    Coach Tom Thibodeau said Rose was a loyal member of the team and said he couldn't think "of anyone who is more deserving."

    A night earlier, it was Rose expressing gratitude for the Bulls' loyalty.

    "They stay loyal with me and show that they trust in me by picking me just to come here. I just feel blessed and I'm just happy I'm here," Rose said from the locker room after the team's 95-86 win over the Indiana Pacers at the United Center."

    The extension kicks in at the beginning of the next season and comes after a new rule in the collective bargaining agreement -- nicknamed the "Derrick Rose Rule" -- which rewards players for out-performing their rookie scale.