The jury yesterday reached the verdict in federal court in Los Angeles after hearing dramatically different accounts of the August 2013 sexual encounter.
Rose says he's thankful that the jury rejected the lawsuit.
He said in a statement to The Associated Press that it was important to prove he did not do what he was accused of, even though he had to share private details of his personal life.
"I am thankful that the jury understood and agreed with me," his statement said. "This experience and my sensitivity to it was deep. I am ready to put this behind me and focus on my family and career."
Defense lawyers tarred the woman as a liar who tried to sway jurors through her tears to get at Rose's fortune. They claimed she was angry he had dumped her and she set him up and brought the lawsuit in hopes of a big payoff.
The woman's lawyer called the men "sexual deviants" and says they conspired to gang rape her after she was drunk and incapable of consenting to sex.
The woman, who became emotional and trembled while testifying, had sought USD 21.5 million when she filed suit, but her attorney did not put a price on the case Tuesday during closing arguments, saying it was up to the jury.
Attorney Mark Baute urged jurors to recognize the suit as a "hoax and a joke" and not even award USD 20 because that could destroy Rose's career and trigger financial ruin for the star and the extended family and friends he had pulled out of poverty from Chicago's south side with his talent on the court.
Lawyers sparred for nearly three hours during the bitter closing arguments.
The woman's lawyer said the 30-year-old college student was not a gold digger and was seeking accountability for what was morally and legally wrong.
"The three men laughed their way home," attorney Waukeen McCoy said.
The defense portrayed Rose and his childhood pals, Ryan Allen and Randall Hampton, who both work for him, as victims in the case and the lawyers mocked the woman's lies and demeanor on the witness stand.
"This woman has tried to trick people through much of her life, men especially," attorney Michael Monico said. "Who is she trying to trick in this courtroom, ladies and gentlemen? You. She doesn't have any evidence, but she can cry.
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