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Chicago Bulls news gathered from around the net.

Rose Near $250 Million Extension With Adidas

Derrick Rose is close to agreeing to a 10-year, $250 million extension with adidas, according to an industry source close to the situation.

Rose is adidas' only counter to Kobe Bryant in emerging markets like China, where volume really counts. Rose reportedly already outsells LeBron James there.

Both Bryant and James endorse Nike.

Via ESPN.com

Nikola Mirotic Named Euroleague MVP For December

Real Madrid's Nikola Mirotic has been named Euroleague MVP for the month of December.

During four games in December, Mirotic dominated like never before in leading his team to a perfect record with wins over three other Euroleague Top 16 teams to clinch first place in Group C and a No. 1 seed in the Top 16 Draw.

He recorded his first career Euroleague double-double, set career highs in index rating, scoring and steals and earned weekly MVP honors for the first time. His 18.5 points per game in December came with excellent efficiency.

Mirotic also averaged 6.8 rebounds per game.

The Bulls own the draft rights to Mirotic.

Via RealGM Staff Report

Rose's Next Shoe Contract Could Be Richest In NBA

Following his $94 million extension with the Bulls, Derrick Rose is negotiating a new lifetime contract with Adidas.

Rose could become the highest-paid shoe endorser in the NBA with his next Adidas contract, sources said.

Via Adrian Wojnaorwski/Yahoo! Sports

Adidas Wouldn't Want Howard To Join Rose With Bulls

The ripple effects of Derrick Rose and Dwight Howard both being part of the Adidas endorsement family is that the shoe company wouldn't want the two players on the same team.

As one high-ranking sneaker executive says, “Adidas simply cannot have its two signature players on the same team in the same market. … Derrick is the face of that market, owns that market, and Adidas can’t possibly have maximum bang for its buck with Dwight there.

“It serves Adidas no purpose. They need them as rivals in competing markets.”

Howard has an Adidas renewal on deck in the next year, and Los Angeles and Brooklyn guarantee him maximum money.

Via Adrian Wojnarowski/Yahoo! Sports

Knicks Have Highest Average Christmas Day Secondary Market Ticket Price

The Knicks have the highest average ticket price of the five Christmas Day games.

Here are the averages, according to information provided by TiqIQ.com:

Celtics @ Knicks: $516.09
Bulls @ Lakers: $466.02
Heat @ Mavs: $395.97
Magic @ Thunder: $295.71
Clippers @ Warriors: $104.95

Via Ian Begley/ESPNNewYork.com

Hamilton Ready To Renew Old Rivalry With Bryant

Rip Hamilton and Kobe Bryant been battling each other since high school days in the Philadelphia area, and they'll be facing each other again on Christmas Day when Hamilton and the Bulls visit the Lakers.

"I enjoy it," Hamilton said after the Bulls' practice Friday afternoon. "It's fun because we've been knowing each other since we were 16, playing on the same [summer league] team. Getting an opportunity to play in high school and then in the Finals. And still get an opportunity to play against each other [is great]."

Hamilton got the best of Bryant when his Detroit Pistons won the NBA Championship in 2004. He knows that the future Hall of Famer is one of the toughest guys in the league to defend. The key in Hamilton's mind is to make Bryant work for everything he gets.

"Just make it tough [on] both ends," Hamilton said. "Just as hard as you got to guard him, you got to force him to guard you also. It's fun. It's an exciting matchup."

Via Nick Friedell/ESPNChicago.com

Derrick Rose Signs $94.8M Extension

Derrick Rose signed a $94.8 million contract extension on Wednesday.

"He embodies all the characteristics that you look for," coach Tom Thibodeau said. "It's a lot more than the talent. The talent is the obvious part. Then, when you look at his will to win, basketball IQ, unselfishness, his humility -- I think those are the things that you can build a championship-caliber team around."

"I don't think you can put a ceiling on what Derrick can become," general manager Gar Forman said. "It's scary to think that I think he'll continue to get better and better throughout his career."

Rose didn't seek a player option in his contract, something that was sought by LeBron James, Dwyane Wade and Chris Bosh when they signed their first new contracts in 2006,

"Derrick absolutely didn't want that," he said. "He wanted a full commitment to the Chicago Bulls and to stay in Chicago. To us, that's really special. He stepped up. The maximum length he could sign is what he wanted to sign."


Rose To Sign Five-Year, $94M Extension

Derrick Rose and the Bulls have agreed to a five-year, $94 million contract extension, according to sources.

Rose's extension is for roughly $10-11 million more than he would have been eligible to sign under the previous CBA.

The extension will begin in the 2012-13 season and is eligible to start near $16 million in the first year. 

Via K.C. Johnson/Chicago Tribune

Durant Becomes First Beneficiary Of 'Derrick Rose Rule'

Kevin Durant has become the first beneficiary of the so-called 'Derrick Rose Rule'.

Durant meets the eligibility considerations by being named to the All-NBA first team in 2010 and 2011.

Had Durant not been granted the larger maximum salary, his 2010-11 earnings would have been $12,922,194 and his five-year extension would have totaled $74,302,616. By being granted the larger maximum, Durant earns an extra $2,584,438 this season and an extra $14,860,519 over the life of his extension.

As a result of Durant's new designation, the Thunder are also now over the salary cap.

Via Larry Coon/ESPN

NBA Season Ticket Sales Hold Steady

According to league officials, renewal rates from existing season ticket holders are coming in at the 80-plus percent range, about the same pace as at the start of last season.

“Teams have been extremely aggressive in their outreach,” said Chris Granger, executive vice president of team marketing and business operations for the NBA. “We’re happy with the pace of sales given the compressed time frame.”

The NBA has 10 of its 30 teams with 10,000 or more full-season ticket plans, the same number as last year.

While league officials would not disclose that list of teams, among the clubs reaching the 10,000 benchmark are Miami, Boston, Chicago, New York, New Orleans, and both the Los Angeles Clippers and Lakers.

Via Sports Business Journal

Chicago Bulls Archives

Bulls Waive Jannero Pargo

Jannero Pargo signed with the Bulls last season but did not appear in a game.

Rose Anticipates Easy Transition With Hamilton

Richard Hamilton continues to pick up the Bulls' offensive and defensive schemes.

Bulls Waive Keith Bogans

The Chicago Bulls announced that the team has waived guard Keith Bogans.

Bulls Expect Hamilton To Make Easy Transition

Tom Thibodeau said that Richard Hamilton has adjusted quickly to the Bullsí schemes.

Bulls Sign Richard Hamilton

Gar Forman said Richard Hamilton "has been a winner at every level."

Rose: Bulls Have Chance To Win 'Multiple Championships'

Derrick Rose says the Bulls have a chance to win multiple championships.

Phil: Shortened Season Could Lead To Unlikely Champion

Phil Jackson believes the truncated season could result in a dark horse champion.

Brewer Ready To Battle For Starting Role With Bulls, Hamilton

Ronnie Brewer is prepeared to battle for a starting role given the Bullsí rumored interest in Richard Hamilton.

Scalabrine Signs With Bulls

Brian Scalabrine will return to the Bulls.

Pistons Officially Waive Hamilton

Richard Hamilton is expected to sign with the Bulls once he clears waivers.

Sources: Bulls Will Pursue Dwight Howard

The Bulls are expected to enter the Dwight Howard sweepstakes.

Hamilton Expected To Sign Two-Year, $10M Deal With Bulls

Richard Hamilton is expected to sign with the Bulls once he clears waivers.

Celtics, Bulls, Clippers Also Expected To Pursue Dwight Howard

Dwight Howard has requested a trade from the Magic.

Scalabrine Repaid Benetton Treviso Before Departure

Brian Scalabrine is on a non-guaranteed contract with the Bulls.

Bulls Zeroing In On Richard Hamilton

The Bulls are targeting Richard Hamilton, who was bought out by the Pistons.

Bulls Pull Bogans From Friday's Practice

Keith Bogans is on a non-guaranteed contract above the NBA minimum and the Bulls will be exploring other options.

Mirotic Named Week 8 Euroleague MVP

Nikola Mirotic scored a career high 26 points in Real Madrid's 88-64 win over Maccabi Electra.

McGrady Agrees To Deal With Hawks

Tracy McGrady has agreed to a one-year deal with the Hawks for the veteran-minimum.

Butler Narrows List Of Suitors To Spurs, Bulls, Nets, Clippers

Prized free agent Caron Butler has narrowed his list of teams to four.

Bulls Considered Sleeper Candidate For Howard

Several NBA executives believe the Bulls are a sleeper candidate for Dwight Howard.
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