New Report on Josh Giddey's Potential Contract in Free Agency

"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."

While Giddey was initially hopeful that there would be more of a market for his services after a relatively solid year in Chicago, the reality is that the lack of cap space throughout the league gave the Bulls the necessary leverage to bring Giddey back to the negotiating table

"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," Collier added. "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."