by Marcel Mutoni / @marcel_mutoni

Following months of negotiations (not to mention, trade rumors) the Chicago Bulls and Joakim Noah have agreed on a contract extension. Noah will be a Bull for a long time, something he will be well compensated for.

The deal is worth $60 million over the next 5 years, and includes performance-based bonuses. Joakim is coming off the best season of his young career, one that saw him average a double-double.

ESPN and Chicago Breaking Sports report:

The deal is worth $60 million plus additional bonuses, Dan Fegan, one of Noah’s agents, said. “We’re very happy for Joakim because Chicago was always his first choice,” Fegan said.

The exact amount of the extension is unknown but believed to be in the $60 million range total. Incentives can take the deal higher, and a source said the inclusion of these incentives represented the breakthrough in negotiations. Sources said earlier published reports portraying the negotiations as acrimonious or far apart were overblown.

With Chicago retaining Noah — one of the best young forwards in the League — it helps solidify the fact that they’ll be a force to be reckoned with in the NBA over the next few years.

The Bulls just gotta figure out how to stop their star players from injuring themselves in the absolute strangest ways.