Deng hopes to be a star at the 2012 Olympics with Team GB
British star Luol Deng has agreed a new six-year deal with the Chicago Bulls.
The contract for the 23-year-old South Londoner is worth a guaranteed $71m (approx £36m), with incentives taking its possible worth to $80m (£40m).
Deng had rejected a five-year deal but his impressive displays in the team's miserable 2007-08 season ensured they were keen to find a way to keep him.
Great Britain will not be competing at the Beijing Olympics but hope to qualify for the London Games in 2012.
Deng, who was born in Sudan but lived in Britain from the age of nine to 15, when he moved to America, will be leading Britain's bid to qualify for 2012.
He represented England at under-16 and under-19 level with basketball's authorities recognising his status as a refugee, but his entry into the Great Britain set-up was delayed by his lack of a British passport, even though most of his family had them.
In 2006, lobbying by British Basketball and the London 2012 Olympic officials helped him gain the passport he needed.