Derrick Rose Signs 5-year Extension with the Bulls December 22, 2011 20:51

Chicago Bulls fans would have been glad to hear the news yesterday, that Derrick Rose has signed a five-year extension to his contract.

The reigning league MVP, who wowed fans and pundits alike last season, has agreed to a contract extension that is said to be worth more than $94 million, and will come into effect next season.

Rose grew up on Chicago's South Side, so it's great to see him continuing to play for his home team after being picked first in the 2008 draft. Rose is still only 23 years old, and he has already been Rookie of the Year, an All-Star and league MVP; being the youngest ever player, and only the second Bulls player (after Michael Jordan) to receive that accolade.

Coming into his fourth year in the NBA, Rose has his sights firmly set on winning a championship. The Bulls came close last year, only losing out to the Miami Heat in the Eastern Conference finals. Rose undoubtedly played a central role in that success, having averaged 25 points, 7.7 assists and 4.1 rebounds in the NBA last season.

Despite his huge success, Rose still remembers where he comes from. After being asked about the sum of money he would receive for the extension, and the pressure that would come with that, Rose is said to have commented that money "is the last thing I think about." It's thought that Rose will push some of that money back into his old neighbourhood, where he has pointed out the lack of suitable basketball facilities for youngsters, and a lack of programs that they can get involved in.

Rose will be approaching 29 years old by the time the extension contract comes to an end, but that doesn't seem to bother the young player. As far as he's concerned, he's happy (at the moment) to spend the rest of his career with the Bulls.