Derrick Rose

The Chicago Bulls’ “top priority” during Wednesday morning’s initial contact period between teams and agents will be to set up the framework of Derrick Rose’s contract extension, according to a league source…

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 bargaining agreement, which is expected to be ratified at some point in the next few days.

“The Derrick Rose Rule,” as it’s being called around the league, rewards players of Rose’s caliber by enabling a player finishing his rookie contract to make 30 percent of a team’s salary cap — up from 25 percent — if he’s been voted an All-Star starter twice, made two All-NBA teams or won an MVP award.

– Reported by Nick Friedell of ESPN Chicago