Quietly, on Sunday night, NBA sources confirmed the Bulls have signed Joakim Noah to a contract extension:â†µâ†µ
Sources said the deal is for five years and is worth about $60 million. It would go into effect after this season.â†µâ†µâ†µ
â†µAn announcement is expected this week.â†µ
â†µNoah would be just the second player from the rookie Class of 2007 along with Kevin Durant to agree to an extension.â†µ
â†µIt 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.
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.â†µâ†µ
For more, check out SB Nation's Bulls blog Blog-a-Bull.