Bulls reinforce directionless future with questionable Josh Giddey offer

Josh Giddey, like most of his fellow restricted free agents, has spent much of the summer holding out for the best possible contract offer. 

The 22-year-old has reportedly been looking for a deal that pays him close to $30 million annually, but that's a pipe dream for a player who hasn't made positive contributions on a winning team. However, he may have just received the best offer he'll get from the Chicago Bulls — or any team, for that matter.

Following extension talks that have spent weeks in limbo, the Bulls put a long-term offer on the table, according to Chicago Sports Network's K.C. Johnson. The deal would reportedly pay Giddey an average of $20 million per year, a much more reasonable number. 

Giddey will be hard-pressed to find a more lucrative contract offer, despite his potential. No matter how long he waits, no team is going to throw borderline All-Star money for a player with pronounced weaknesses. He has averaged 14.1 points, 7.5 rebounds and 6.1 assists per game across four seasons.

For that reason, Giddey should take Chicago's offer. But even if the Bulls do keep their guy, an extension of this magnitude would only reinforce what many believe about the team: It's a franchise with no direction.

Possessing a roster without a true star, the Bulls are setting themselves up for disappointment if they expect Giddey to reach that level of effectiveness. The franchise would be better off betting on Coby White's future rather than a guard who struggles to both shoot and defend. 

Giddey should be elated that the Bulls decided to meet him halfway on a contract offer, especially considering his lack of other suitors. If an extension does get done, though, Chicago will eventually look back and wonder if those resources could have been better spent elsewhere.

With a return to the draft lottery likely, the Bulls don't have any expectations for 2025-26. But rather than try something new after several years of underperforming and missing the playoffs for three straight seasons, Chicago is falling into the trap of committing to mediocrity.