Bulls, Josh Giddey Reported in Positive Contract Talks

Josh Giddey, a restricted free agent guard for the Chicago Bulls, is in ongoing contract negotiations with the team, with reports indicating positive discussions and an eventual agreement is expected. Giddey has been seeking a five-year deal worth approximately $30 million annually, but the Bulls are unlikely to meet that figure due to limited cap space and a frozen market for restricted free agents. Despite the contract stalemate, Giddey continues to be a key player for the Bulls, having averaged 14.6 points, 8.1 rebounds, and 7.2 assists last season, and is considered a core piece of Chicago’s rebuild. Recently, Giddey has been absent from Bulls Summer League games, which some insiders interpret as a sign the contract talks may not be progressing amicably. Meanwhile, Giddey has signed a multi-year endorsement deal with Puma, marking a significant business move alongside his contract negotiations. Overall, the Bulls appear motivated to re-sign Giddey while maintaining team-friendly financial terms amid a challenging offseason market.