Chicago Bulls Expected to Retain Josh Giddey with $120M Contract Offer

Josh Giddey, the Chicago Bulls' young Australian point guard, is set to enter restricted free agency this offseason and is seeking a substantial contract extension reportedly worth at least $120 million over five years. After being traded from the Oklahoma City Thunder to the Bulls last year, Giddey improved significantly, especially after the All-Star break, averaging over 21 points, 10 rebounds, and 9 assists in the final 19 games, showcasing his value to the team. The Bulls hold the right to match any offer he receives, and while both sides seem inclined to continue their partnership, the financial implications of a large contract will be a key consideration. Giddey's performance and potential have made him a central figure in the Bulls' rebuilding plans, highlighted by the trade of fan-favorite Alex Caruso to acquire him. Despite initial low expectations, Giddey's late-season surge and efficient shooting have earned him strong negotiating leverage in free agency. The Bulls are expected to make a qualifying offer and aim to retain him, although the market and comparisons to other restricted free agents will influence the final deal.