Minnesota Timberwolves

Derrick Rose announces launch of college scholarship program

derrick-rose-08022018-ftr-getty
Derrick Rose (Getty Images)

Wednesday, Minnesota Timberwolves guard Derrick Rose announced the launch of The Rose Scholars program - a college scholarship program that will award more than $400,000 in tuition money.

Per the website's official release, the program will reward "students who are civically minded and have an instinct to lead." In a personal statement, Rose shared that his goal of the program is to provide a new path for applicants to "make different decisions and start to imagine new possibilities."

The website indicates one grand prize winner can win up to $200,000 and two other winners who can win up to $20,000 each.

The announcement of Rose's scholarship program comes just two days after the opening of LeBron James' I Promise School in Akron, Ohio.

Rose, the 2011 league MVP, spent last season with the Cleveland Cavaliers and Timberwolves. In 25 regular season games, the three-time All-Star averaged 8.4 points and 1.5 assists. In five postseason games, Rose averaged 14.2 points and 2.6 assists in under 24 minutes. He is expected to serve as Jeff Teague's backup in 2018-19.

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