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Bulls Raise Josh Giddey Offer to Four Years, $88 Million as Standoff Persists

The 22-year-old now weighs Chicago’s below-ask terms against a one-year $11.1 million qualifying offer due Oct. 1.

Overview

  • ESPN’s Bobby Marks reports Chicago has increased its offer to four years, $88 million, with other outlets citing a range of $85–90 million viewed as a likely final push for now.
  • Giddey’s camp has held firm near $30 million per year, leaving a sizable valuation gap after a summer of incremental Bulls increases.
  • Chicago has not pursued sign-and-trade talks and retains matching rights in a market where few teams have cap space to present a competing offer sheet.
  • If Giddey accepts the $11.1 million qualifying offer by the Oct. 1 deadline, he would play 2025–26 on that deal and reach unrestricted free agency in 2026.
  • At roughly $22 million annually, the current offer would place Giddey toward the lower end of starting point guard salaries, though some analysts suggest a compromise in the mid-$20 million range could resolve the impasse.