When the Chicago Bulls pulled the trigger on trading Alex Caruso, receiving Josh Giddey in return was the comfort blanket that made the deal palatable. The former Oklahoma City Thunder guard is the ideal piece to begin a rebuild around, especially when pairing him with Patrick Williams.
However, the Bulls front office could not agree to a contract extension with Giddey before Monday's deadline. As such, he will head into the summer as a restricted free agent. According to ESPN's Brian Windhorst, the two sides didn't come close to finding common ground during their negotiations.
"There was never really any meaningful negotiations there," Windhorst said via The Hoop Collective podcast. "Which was a surprise to me. I thought the Bulls were going to be under some amount of pressure to get him done because they had traded Alex Caruso for him...They never got anywhere close from what I'm told."
One thing I’ll say about Josh — his self awareness is a huge asset to him https://t.co/L91xgrucJN
— Will Gottlieb (@Will_Gottlieb) October 22, 2024
From the Bulls' perspective, standing pat with Giddey's contract situation is a logical approach. He's yet to play a competitive game for the franchise, and there's no proof that he can be the cornerstone some believe him to be. He must earn his next payday to remain with Chicago beyond the current season.
Still, from a roster-building standpoint, the Bulls' hands are somewhat tied. Giddey is the entirety of their return for Caruso. An argument could be made that they undersold one of their best trade assets. The front office won't want to lose Giddey for anything less than a year after bringing him to the franchise.
Fortunately for Giddey, he's coming into a team that's entering the new season with no expectations on its shoulders. Everybody knows they're in the early stages of a rebuild and have minimal tradable assets. It's going to take time to turn the franchise around. The upside is that Giddey will get all the minutes he can handle.
What the talented playmaker does with those minutes will likely directly correlate to how much money is available next summer. Giddey has control of his future to a certain extent, but the Bulls will know they can't fumble this opportunity and lose him in free agency next summer. It would be a hammer blow that could set them back by a decade.
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