The Chicago Bulls offered Joakim Noah a five-year, $60 million extension
two weeks ago. Hard to believe that they're ready to move him now.
Well that's a sobering thought for anyone who thought Noah would come cheaply. That's more than I'd offer this season, it could be the max contract next season, and depending how the cap rules change that's not such a hot deal.
This is part of the reason I'm willing to part with Noah for Melo, even though I absolutely love him as a player, when his extension kicks in, he's going to be very highly played for a guy who's relatively limited offensively and isn't a shut down defender.
He's an elite rebounder for sure, a good help defender, and probably underrated on offense but don't be surprised if you're looking at him as a bad contract in two seasons if he makes 5/60. Especially given that his build makes him an injury risk at the center position.
As for the offer, if legit, it would continue the Bulls trend of making very strong, market value, offers to their rookie contract players in their third season in order to get early extensions. It didn't work out for Deng/Gordon while it did for Hinrich [in terms of acceptance, not necessarily in terms of how we feel about the deals ultimately taken].
Quite frankly, I'm a bit surprised Noah would turn down such an offer so I question the source, though I have to admit, Alex Kennedy has been right on with the few stories I've seen him break recently.