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Bulls and Josh Giddey Near Agreement on Three-Year, $65–70M Deal

Chicago has held firm on roughly $20 million per season to preserve cap space before the new season starts.

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Apr 9, 2025; Chicago, Illinois, USA; Chicago Bulls guard Josh Giddey (3) reacts after making a three point basket against the Miami Heat during the second half at United Center. Mandatory Credit: David Banks-Imagn Images

Overview

  • Both sides are expected to finalize a three-year contract in the $65 million to $70 million range by the end of August.
  • The Bulls have maintained a roughly $20 million average annual value to balance financial flexibility with roster planning.
  • League-wide salary-cap constraints and lack of competing offers have given Chicago leverage in the restricted free agency talks.
  • Giddey averaged 14.6 points, 8.1 rebounds and 7.2 assists per game in his first season with the Bulls.
  • An anonymous front-office executive called Giddey a foundational player the team is determined to lock in long term.