Derrick Rose, Knicks could agree to three-year extension after Dec. 22

Derrick Rose, the former league MVP, could sign a long-term extension with the New York Knicks ahead of next summer and stay in the Big Apple for many years to come, per fresh reports.

Rose, a free agent next year, was traded from Chicago to New York during the summer as part of a blockbuster deal that sent Robin Lopez, Jose Calderon and Jerian Grant to the Bulls. A month into the new season, it’s fair to say that both teams benefitted from the trade as the Bulls (11-8) and Knicks (11-9) are on track to return to the postseason after missing out on the playoffs in 2015-16.

When the trade went down, many analysts expected New York to treat Rose as a one-year solution at point guard before pursuing the likes of Chris Paul, Kyle Lowry and Jeff Teague -- who are all free agents next year.

However, Paul and Lowry are likely to re-sign on five-year max contracts with their respective teams and Rose's performance thus far in a Knicks uniform has given the New York front office reason to view the Chicago native as a long term solution as the team's floor general.

With George Hill, Jrue Holiday and current Knick Brandon Jennings also expected to test free agency next year, New York will have plenty of options to find a permanent point guard.

Derrick Rose to ink three-year extension?

According to ESPN, the Knicks have already considered inking Rose to a three-year extension worth $US75 million ($AU100 million); they are eligible to do so starting Dec. 22 which would mark the sixth-month anniversary of the trade.

Rose recently said that he envisions playing with the Knicks for the rest of his life.

"We're building the culture. We're building the foundation now. I'm under a one-year contract so of course I want to play the rest of my life here. But it takes time, it takes patience to figure out how everyone is going to fit, if it is going to fit and going from there," the 2010-11 NBA MVP told Slam Magazine in a tell-all interview.

Rose said he is building chemistry with the team's co-stars, Carmelo Anthony and Kristaps Porzingis, and wishes to remain in New York beyond this season.

"I love the atmosphere (in New York), I love the environment, I love the staff here, I love the team. My job is to come out here and play as hard as I can and try to win every game while I'm on the floor. But as far as my future and everything, who knows? I'll have to wait until the end of this year and figure things out but I would love to be here, though."

It's almost a foregone conclusion that the Knicks will be Porzingis' team down the road. However, Rose and Anthony are proving to be the ideal veterans to help the team during the transition.

Derrick Rose is averaging 16.8 points and 4.8 assists from 32.2 minutes per game.