Wednesday, December 21, 2011

Derrick Rose's $94 Million Pay Day

“It’s something big, but I think I want to talk more about it (Wednesday), with my family and everybody being there,” the star point guard said after the Bulls’ preseason victory over Indiana on Tuesday night. “But it’s definitely something big.”

Last season's NBA MVP agreed most recently to a five-year contract extension with the Chicago Bulls worth approximately $94 million...of course, according to sources.

Set to start in the 2012-13 season, the extension will make DRose eligible to make about $16 million. A news conference is scheduled for later today...although, you should not expect a dollar amount to accompany.

“We’re all very excited for him. He deserves it. He puts in a lot of effort. I wish the contract was for 10 years.”
-Carlos Boozer

“He works hard. He’s young. He’s 23 years old and the way he plays on the floor is the way he practices. In order to be great in this league, you just can’t turn it on (during) games. He really has a great work ethic.”
- Rip Hamilton

The deal is more of a formality than a surprise. Rose and general manager Gar Forman had indicated it would get done, and it was not hard to see why they wanted to stay together.

The Chicago product 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 what weighs on him as he enters his fourth season—not the money.

“I think I live a humble life,” Rose said. “Of course, I know I’ll be able to afford whatever I want, but other than that, there aren’t too many things that excite me. Me winning is one of the things. Me being around my family, that’s another. Money, that’s the last thing I think about.”



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