Negotiations between Josh Giddey and the Chicago Bulls have stalled due to differing expectations regarding his contract. As the NBA season approaches, Giddey’s camp is seeking a lucrative deal, reportedly asking for $45 million a season, while the Bulls have countered with a four-year offer of $30 million per season. With strict new tax regulations limiting team budgets, the Bulls are prioritising team-friendly deals, making it difficult for Giddey to maintain leverage.
As a restricted free agent, Giddey has until October 1 to accept a one-year qualifying offer valued at $17 million. This could set him up to negotiate for a more substantial contract after the 2025-26 season. However, the Bulls retain the right to match any outside offer he might receive, complicating his options.
Giddey’s representatives have expressed interest in securing a deal similar to that of Toronto’s Immanuel Quickley, who signed for an average of $32 million per season. The Bulls, however, view Quickley’s contract unfavourably, further complicating negotiations. The possibility of a sign-and-trade involving Giddey and Golden State Warriors player Jonathan Kuminga has emerged but remains speculative.
Reports suggest that Giddey is beginning to draw attention from other teams in the Eastern Conference, though some analysts believe interest from the Warriors may be a strategic move by Giddey’s camp to boost his value. Conversations between the Bulls and Warriors have occurred, but there’s been no concrete progress on a deal.
Despite the challenges, a Bulls executive has emphasised the team’s commitment to Giddey, highlighting his importance as a foundational player. Giddey’s performance improved significantly after the All-Star break last season, averaging 21 points, 10 rebounds, and nine assists per game.
In summary, while both sides are motivated to strike a deal, the complexities of Giddey’s contract expectations and the NBA’s financial landscape pose significant hurdles.