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Derrick Rose has agreed to a five-year, $94.8 million contract extension, and the Bulls will make the formality official at a Wednesday news conference at the Berto Center, sources told the Tribune. "It's something big," Rose said without confirming the announcement. "I'm going to talk about it more with my family there. I don't think about money. The Bulls show they trust me. I just feel blessed."

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HoopsVibe’s Very Quick Call: Who says the new CBA is all doom and gloom for the players?

Derrick Rose, the 2011 MVP and phenomenal point guard for the Chicago Bulls, has benefited from a new clause that rewards players for re-signing with their team.

For instance, Rose raked in an extra ten million or so because he outperformed expectations in his rookie contract and became the youngest player ever to win the MVP.

Clearly, re-upping makes sense for player and team.

Rose makes tons of cash, plies his trade in a major market, and Chicago stays positioned to challenge in the Eastern Conference for some time.

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