The Chicago Bulls ‘ “top concern” during Wednesday morning’s initial contact period between teams and agents will be to line up the framework of Derrick Rose’s contract extension, according to a league source. Sports scores
Rose, whose greenhorn contract is up after this season, became the youngest MVP in NBA history last season while leading the Bulls to a regular-season-best 62 wins. He’s predicted to receive a max extension when the time comes, though no formal offers can be made or signed till Dec. 9, according to an NBA memorandum issued to all groups Tues. night. Football scores
No matter when he officially signs, Rose is due for a mammoth raise from his rookie contract, based upon a new wrinkle to the collective negotiating agreement, which is expected to be ratified at some particular point in the next few days.
“The Crane Rose Rule,” as it’s being called round the league, rewards players of Rose’s caliber by enabling a player finishing his greenhorn contract to make Thirty % of a team’s income cap — up from Twenty-five p.c — if he’s been voted an All-Star starter twice, made 2 All-NBA teams or won an MVP award.
“It’s unbelievable,” Rose latterly said. “But the rule, I guess, it fits me for what I’ve achieved at a tender age and hopefully there’ll be two more folk like me.”
Once the new CBA is approved, it is very likely Rose will sign a five-year extension for over $100 million.
Once the Bulls have the framework of Rose’s new deal in effect their next order of business will be to see if they can upgrade at shooting guard. They’re going to look at all options and aren’t predicted to pick a choice on Keith Bogans ‘ contract option for a minimum of a couple of days.
Bogans started all 82 games a year back, averaging 4 points and two rebounds per game.