New deal for Hinrich (K.C. Johnson, Chicago Tribune, 10/31/2006)

Choosing security over stubbornness, Kirk Hinrich has accepted the Bulls' final offer on a long-term contract extension, according to league sources.

With the deadline for the negotiating window expiring at 11:59 p.m. Tuesday, Hinrich decided to sign the five-year deal rather than become a restricted free agent next off-season.

League sources said the deal is worth $47.5 million and starts in the 2007-08 season at roughly $7.8 million. The deal will pay Hinrich approximately $11.42 million during its final season in 2011-2012.

(Hat tip: CourtsideTimes.Net.)

Glad to see this got done.