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This article originally appeared on Sports Illustrated.
Rose spent last season with the New York Knicks and averaged 18 points and 4.4 assists in 64 games.
Rose was rumored to be deciding among the Cavs, Lakers and Bulls in free agency. He started his career in Chicago and spent eight years there before being traded to the Knicks last season.
Rose, the 2010-11 MVP has not played in more than 66 games since his MVP season, and missed the entire 2012-13 season with injury.