Former NBA MVP and three-time All-Star guard Derrick Rose is retiring after 16 seasons, he announced Thursday.

Rose, 35, announced his retirement in an Instagram post. The former Chicago Bulls star also took out full-page ads in local newspapers in each of the six NBA cities where he played — Chicago, New York, Cleveland, Minneapolis, Detroit and Memphis — to bid farewell to the game of basketball.

“Thank you, my first love…” Rose wrote in his full-page ad in Thursday’s print edition of The Plain Dealer.

“You gave me a gift, our time together, a gift that I will cherish for the rest of my days. You told me it was okay to say goodbye, and assured me that you will always be a part of me, no matter where life takes me. Forever yours, Derrick Rose,” he added.

Rose’s retirement comes two days after he was released by the Memphis Grizzlies at his request on Tuesday. Rose, who played in 24 games for the Grizzlies during the 2023-24 season, was released with one season remaining on his two-year, $6.6 million contract with Memphis.

The three-time NBA All-Star was drafted by the Chicago Bulls with the first overall pick in the 2008 NBA Draft. He was named NBA Rookie of the Year for the 2008–09 season, earned his first All-Star selection in his sophomore season, and was named NBA MVP in his third season in 2010–11.

After eight seasons in Chicago, the last of which was plagued by injuries, Rose played seven seasons for the New York Knicks, Cleveland Cavaliers, Minnesota Timberwolves, Detroit Pistons and most recently the Grizzlies.

Rose finishes his 16-year NBA career averaging 17.4 points on 45.6 percent shooting, along with 5.2 assists and 3.2 rebounds in 30.5 minutes in 723 games, including 518 as a starter.