Chicago Bulls Have Offered Josh Giddey Contract in Ballpark of $85 Million to $90 Million

The Chicago Bulls have offered Josh Giddey a contract in the ballpark of $85 million to $90 million, according to NBA insider Brett Siegel of ClutchPoints.

Giddey is a restricted free agent.

“Although they held firm on their offer of around $20 million per season, the Bulls have recently increased their proposed contract to try and end this stalemate,” Siegel wrote. “Chicago has presented Josh Giddey and his representation with a four-year contract in the ballpark of $85 million to $90 million, league sources said.

“This is likely the last contract proposal the Bulls will offer this offseason, as it’s essentially a compromise from what both sides wanted. Whereas the Bulls entered the summer wanting to keep Giddey on a deal around $20 million per season, he wanted to be paid close to $30 million per year.”

Giddey averaged 14.6 points, 8.1 rebounds, 7.2 assists, 1.2 steals and 0.6 blocks last season for the Bulls, shooting 46.5% from the field, 37.8% from beyond the arc and 78.1% from the free-throw line. He recorded 30 double-doubles and seven triple-doubles in 70 games.

Chicago acquired Giddey from the Oklahoma City Thunder in the Alex Caruso trade. Caruso helped the Thunder win the 2025 championship against the Indiana Pacers in seven games, while Giddey and the Bulls missed the 2025 playoffs. 

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.

The sixth overall pick in the 2021 NBA Draft, Giddey has two options left as a restricted free agent. He can either sign the four-year contract the Bulls have offered him or play next season on a one-year qualifying offer and then become an unrestricted free agent next offseason.

Giddey is seeking an annual salary in the $30 million range, but he’s not going to get that. The Aussie has until October 1 to sign his qualifying offer worth $11.1 million for next season. 

Chicago has made the playoffs just once (2022) since trading Jimmy Butler to the Minnesota Timberwolves on draft night in 2016. The franchise is stuck in mediocrity after winning six championships in the ’90s behind Hall of Famers Michael Jordan and Scottie Pippen.