Derrick Rose has agreed to a five-year, $94.8 million contract extension, and the Chicago Bulls will make the formality official at a Wednesday news conference at the Berto Center, sources told the Chicago Tribune.

“It’s something big,” Rose said without confirming the announcement. “I’m going to talk about it more with my family there. I don’t think about money. The Bulls show they trust me. I just feel blessed.”

The extension is for about $10 million to $11 million more than Rose would have been eligible for under the previous collective bargaining agreement. The newly niicknamed “Derrick Rose rule” rewards players who outperform their rookie scale contracts. Rose qualifies for one of the three stipulations as he became the youngest most valuable player in NBA history last season.

Humility Leads The Way: The extension will begin in the 2012-13 season at $16.3 million in the first year. Rose, 23, said the extension won’t change him.

“My mom did a great job letting me know it’s just a sport,” Rose said. “If I keep working hard and treating people the right way, good things will happen to me. I live a humble life. I know I’ll be able to afford what I want. But not too many things excite me except winning and being around my family.”