Bulls Restricted Free Agent Josh Giddey Looking To Make $30 Million Annually

Chicago Bulls restricted free agent Josh Giddey is looking to make $30 million annually on his next contract, according to NBA insider Jamal Collier of ESPN. 

Giddey and the Bulls have had some positive discussions lately. 

“The stalemate between Giddey and the Bulls continues into another week as the market for restricted free agents remains cold,” Collier wrote. “Giddey was present in Las Vegas and had lunch with Bulls coach Billy Donovan, sources told ESPN, and Bulls executives were scheduled to meet with Giddey’s agent during the week.

“Multiple sources told ESPN they expect Giddey and the Bulls to eventually come to a contract agreement, and the two sides have had some positive discussions. Yet, Giddey has been seeking a contract for approximately $30 million annually. With little cap space available this summer, Giddey’s options for alternatives outside of Chicago dried up quickly, giving the Bulls leverage to hold off for a more team-friendly deal.”

The Bulls acquired Giddey from the Oklahoma City Thunder before the start of last season. Chicago traded Alex Caruso, who helped the Thunder beat the Indiana Pacers in the 2025 NBA Finals.

Giddey averaged 14.6 points, 8.1 rebounds, 7.2 assists, 1.2 steals and 0.6 blocks in his first season with Chicago while shooting 46.5% from the field, 37.8% from beyond the arc and 78.1% from the free-throw line. 

The Bulls missed the playoffs again last season. They haven’t made the postseason since 2022. 

Giddey turns 23 in October. He has career averages of 14.1 points, 7.5 rebounds, 6.1 assists, 0.9 steals and 0.5 blocks with the Thunder and Bulls. 

“I think he fits really well here,” Bulls executive vice president Artūras Karnišovas said about Giddey at his end-of-the-season press conference. “And I hope to see him here for the next years to come. I feel really good about Josh and his future here.”

The Bulls traded Lonzo Ball to the Cleveland Cavaliers for Isaac Okoro.