Report: Bulls "On The Verge" Of Signing Derrick Rose To Contract Extension

By Randy Holt

In what’s been a quiet offseason for the Bulls, with little financial flexibility and not much out on the trade market, there is finally some good news coming out of the Windy City.

It looks as if the Bulls are ready to extend the contract of the defending NBA MVP, Derrick Rose. This was seen as something that was going to happen, signing the deal was merely a formality.

The deal is most likely going to be a five-year extension for $94 million. In his MVP season in 2010-11, Rose averaged 25 points per, almost eight assists, and four boards per.

Rose has given the Chicago Bulls a star power that they had not seen since Michael Jordan laced up his sneakers in the Windy City. The former first overall pick has been an All Star in two of his three seasons in the league, averaging 21 points per game in those three.

While the deal is not yet official, it’s just a matter of time before it’s signed. Rose is a Chicago kid and there’s no question that both parties have every intention of keeping him around as long as possible. But he could use a little help.

In a league that is quickly becoming centered around a few teams with multiple stars, the Bulls relied a great deal on Derrick Rose last year. He has a solid supporting cast around him, but no one to really shoulder the scoring load in the case that Rose should have an off night. It remains to be seen if they’ll explore some sort of trade to bolster the offense.

Nonetheless, it’s great that this deal is getting done. Chicago gets to keep one of its stars for at least another five years and once it becomes official, it will move past the signing of Brian Scalabrine to become the Bulls’ best move this offseason.

Now if they could only get him some help.

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