Rumor: Josh Giddey, Bulls $10 Million Apart In Contract Negotiations

Josh Giddey and the Chicago Bulls are $10 million apart in contract negotiations, according to NBA insider Brett Siegel of ClutchPoints. 

Giddey wants to make $30 million annually, while the Bulls have only offered the point-forward a contract paying him $20 million annually.

“No progress has been made between Josh Giddey and the Chicago Bulls on a new deal in restricted free agency, league sources said,” Siegel wrote. “The two sides met at NBA Summer League in Las Vegas, where Giddey and his camp made it clear they want a contract similar to that of Jalen Suggs (5-year, $150 million) and Immanuel Quickley (5-year, $162 million) and have not come down from their $30 million annual average value asking price.

“The Bulls have not offered more than a four-year contract in the $20 million per year range. However, the two sides are expected to reunite and negotiate and find common ground on a new deal this summer. No team outside of Chicago has expressed legitimate interest in Giddey due to his contract demands.”

The Bulls acquired Giddey from the Oklahoma City Thunder before the start of last season.

To get Giddey, Chicago traded Alex Caruso, who helped the Thunder defeat 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 postseason again last season. They haven’t made the postseason since 2022.

Chicago has made the playoffs just once since trading Jimmy Butler to the Minnesota Timberwolves in 2017. 

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.

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