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While City Watches Bears, Bulls Sign Noah To Extension

Quietly, on Sunday night, NBA sources confirmed the Bulls have signed Joakim Noah to a contract extension:

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Sources said the deal is for five years and is worth about $60 million. It would go into effect after this season.↵

↵An announcement is expected this week.↵

↵Noah would be just the second player from the rookie Class of 2007 along with Kevin Durant to agree to an extension.↵

↵It would be a relief for the Bulls to sign Noah, especially with the potential for a lockout looming after this season with new rules that could alter dealings regarding contracts.

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Noah's presence is even more important to the Bulls with Carlos Boozer out eight weeks with a broken hand. This deal, when announced, should quiet all the Carmelo Anthony rumors.

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For more, check out SB Nation's Bulls blog Blog-a-Bull.