Bulls general manager Gar Forman announced Sunday night that the team has reached an agreement on a five-year contract extension with center Joakim Noah. No terms were released but a source said the total value of the deal is in the $60 million to $65 million range.

Because Noah, 25, is entering the final year of his rookie contract, the Bulls had until the end of this month to get a deal done. The extension will kick in during the 2011-2012 season and means he won't become a restricted free agent next summer. He will make just over $3.1 million this season.