In his third season in the NBA, Derrick Rose became the youngest MVP in NBA history. The former No. 1 overall pick won the 2010-11 MVP Award with his hometown Chicago Bulls at 22 years and 191 days old. The previous record was held by Wes Unseld, who won MVP at 23 years and 9 days old as a member of the Baltimore Bullets.

Rose’s historic MVP season was so legendary that it netted him a rule in the NBA’s collective bargaining agreement. The rule is called none other than the “Derrick Rose Rule.”

Derrick Rose etched his name next to Michael Jordan in 2010-11

By winning the 2008-09 Rookie of the Year Award and the 2010-11 MVP, Derrick Rose became the second player in Bulls franchise history to accomplish those feats, joining the great Michael Jordan. Rose averaged 25.0 points, 4.1 rebounds, and 7.7 assists per game during his MVP season and led the Bulls to the NBA’s best record.

Even though the Miami Heat had LeBron James, Dwyane Wade, and Chris Bosh, Rose’s Bulls secured the No. 1 seed in the 2011 Eastern Conference playoffs. Chicago went 3-0 against Miami during the 2010-11 regular season, with Rose putting up 29.0 points, 3.3 rebounds, and 6.3 assists versus LeBron and Co.

However, the Heat defeated the Bulls in the 2011 Eastern Conference Finals in five games, ending Derrick Rose’s magical campaign. The explosive point guard, though, was about to experience a life-changing offseason.

D-Rose signed a $94.3 million extension with the Bulls

In the summer of 2011, Derrick Rose signed a five-year, $94.3 million extension with the Bulls. It was well-deserved since the Chicago native won MVP and led Chicago to the conference finals in his third year in the NBA.

The 2011-12 season was the lockout year, but there was still an All-Star Game. At All-Star weekend in Orlando in 2012, Rose signed a 14-year extension with the Adidas brand. With incentives, the contract is worth well over $260 million.

After growing up in poverty in Chicago, Rose now had generational money at his disposal. It was a great story in the NBA, especially since Rose grew up with three older brothers and a single mother in one of the most dangerous neighborhoods in Chicago.

While Derrick Rose has undergone four knee surgeries and played for four teams since winning his MVP, his name will forever be mentioned when people discuss the NBA. Not only will Rose’s MVP season be talked about forever since it was so electric, but the former Memphis Tiger also has a rule named after him in the NBA’s collective bargaining agreement.

NBA implements the “Derrick Rose Rule” before the start of the 2011-12 season

The “Derrick Rose Rule,” which was created after Rose won his MVP while playing on his rookie contract, allows young stars in the NBA to qualify for a higher maximum salary–30% of the cap instead of 25%–early in their careers. When players are eligible for rookie-scale extensions, they can qualify for the “Derrick Rose Rule” if they are named to an All-NBA team in the most recent season or two of the past three seasons, named Defensive Player of the Year in the most recent season or two of the past three seasons, or named MVP in any of the past three seasons.

The “Derrick Rose” rule prevented the Boston Celtics from trading for Anthony Davis while Kyrie Irving was on the team since both stars signed contract extensions via the “Rose Rule.” While teams are allowed to have two “Rose Rule” players on the roster, both stars can’t be acquired by trade. Since the Celtics traded for Irving from the Cleveland Cavaliers, they would have been able to acquire Davis only if Irving was traded in the process.

Derrick Rose plays for the Detroit Pistons and is still one of the best guards in the NBA despite all the injuries he’s suffered. The three-time All-Star has career averages of 18.7 points, 3.4 rebounds, and 5.6 assists.

Stats courtesy of Basketball Reference.