New York ? Derrick Rose is going home, and a record crowd of freshmen are following him to the NBA.

The Chicago Bulls selected Rose, who grew up on the city’s South Side, with the No. 1 pick in the NBA Draft Thursday night, choosing the Memphis guard over Kansas State forward Michael Beasley.

With Beasley going second to Miami and Minnesota picking O.J. Mayo at No. 3, college freshmen made up the first three picks for the first time in draft history.

“We actually talked about this earlier,” Beasley said. “We all grew up together and we all grew up playing against each other and we all made a pact together that we would all be here. Just to see it all fall into place and see it all happen is kind of crazy.”

The Timberwolves dealt Mayo’s rights to Memphis for the rights to Kevin Love, the No. 5 pick, in an eight-player deal after the draft ended. Minnesota also gets Mike Miller, Jason Collins and Brian Cardinal, and sent Antoine Walker, Marko Jaric and Greg Buckner to Memphis.

A person with knowledge of the deal confirmed it to the Associated Press, speaking on the condition on anonymity because the trade had yet to be officially announced.

Five of the first seven players selected and 10 in the first round were freshmen, both NBA records. It was also a big night for the Pac-10 Conference, which had five of the first 11 picks.

Rose led the Tigers to the national championship game in his lone college season. The Bulls opted for the point guard’s playmaking ability over the scoring and rebounding of Beasley, who ranked in the top three in the nation in both categories.

“We talked so much about it. We really did,” Bulls general manager John Paxson said. “Very honestly, at the end when we made our decision, it was unanimous with my scouts and coaches and myself.

“This was the direction we wanted to go in the end, and it has nothing to do with the talent of Michael Beasley. This had everything to do with the direction we felt was right for us.”

Rose is the Bulls’ first No. 1 overall selection since they grabbed Elton Brand in 1999. He’s the second straight freshman taken with the top pick, following Portland’s Greg Oden last year.

The 6-foot-3 guard put on a red Bulls cap, hugged some supporters, including Memphis coach John Calipari, and shook hands with Beasley, seated at a nearby table, before walking onto the stage to meet NBA commissioner David Stern.

“I was a little nervous when they came back out, but I always had that in mind that I want to be No. 1,” Rose said. “So it was great hearing my name and being the No. 1 pick.”

Rose should be an upgrade over Kirk Hinrich, who now could be traded, and gives the Bulls another option if they don’t re-sign guard Ben Gordon.

Expected to contend for a division title, the Bulls instead stumbled to a 33-49 record and eventually replaced two coaches. But with just a 1.7 percent chance, they won last month’s draft lottery, giving them a chance to quickly return to the playoffs.

“It feels great to go in and compete,” Rose said. “I’m just blessed to be in that position right now, because a lot of people aren’t.