NBA News: Derrick Rose agrees to contract extension with Chicago Bulls

Rose Agrees to Extension With Bulls

CHICAGO (AP) – A person familiar with the situation says that reigning MVP Derrick Rose has agreed to a five-year contract extension with the Chicago Bulls worth approximately $94 million.

The Chicago Tribune, citing anonymous sources, first reported the deal.

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The person spoke to the Associated Press on the condition of anonymity Tuesday night because the deal had not been finalized. The extension will start in the 2012-13 season, when Rose is eligible to make about $16 million.

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