CHICAGO -- The Chicago Bulls have given coach Tom Thibodeau a four-year contract extension through the 2016-17 season.

General manager Gar Forman announced the move Monday. The Bulls had exercised the team's option for next season this past spring. The new deal takes effect after this season.

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Thibodeau was the NBA's Coach of the Year for the 2010-11 season and the runner-up last season.

The Bulls headed into the season with star point guard Derrick Rose out until at least January as he recovers from left knee surgery.