Chicago Bulls Reportedly Increase Contract Offer to Josh Giddey Amid Ongoing Negotiations

The Chicago Bulls and restricted free agent Josh Giddey remain at an impasse over a contract extension, with Giddey seeking around $30 million per year and the Bulls initially reluctant to go beyond $20 million. Recently, the Bulls increased their offer to a four-year deal worth between $85 million and $90 million, an amount seen as a compromise between both parties. Despite the improved offer, insiders like ESPN's Brian Windhorst suggest Giddey might still hold out, potentially opting to play on his $11.1 million qualifying offer to become an unrestricted free agent in 2026. Giddey's decision may hinge on whether he views himself as the Bulls' future point guard, a belief supported by the team's trade of Alex Caruso for him. However, there has been limited interest from other teams this offseason, making the decision to bet on himself risky. The Bulls prefer to avoid this scenario and finalize a long-term deal but appear prepared to let Giddey test free agency next year if negotiations fail.