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Chicago Bulls Seek Contract Extension for MVP Derrick Rose

The “top priority” of the Chicago Bulls during the league’s shortened free-agency period is to work out an agreement for an extension to Derrick Rose’s contract, according to ESPN Chicago.

Rose, who was named the NBA’s youngest-ever Most Valuable Player last season, would become a free-agent following the expiration of his rookie contract. Sources have told ESPN that Rose will likely receive the maximum extension allowable; however no formal offers can be made until Dec. 9.

The 23-year-old helped lead the Bulls to an NBA-best 62 win season in 2010-11. In 81 games he averaged 25 points, 7.7 assists, and 4.1 rebounds per game in just his third year in the league.