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Giddey and Bulls Close to Three-Year, $65–70 Million Deal

The long-running contract talks are heading for resolution with both parties aiming for a deal around $20 million per season by the end of August.

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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

  • Josh Giddey’s negotiations with Chicago have become the offseason’s most prolonged restricted free-agent standoff.
  • League-wide salary cap shortages and the absence of competing offer sheets have given the Bulls a clear advantage in talks.
  • Both sides are said to be settling on a three-year framework that balances Giddey’s market value with Chicago’s financial flexibility.
  • Giddey’s averages of 14.6 points, 8.1 rebounds and 7.2 assists last season have reinforced his standing as the Bulls’ foundational playmaker.
  • Insiders note that Immanuel Quickley’s precedent-setting contract shaped Giddey’s expectations but did not sway the Bulls from holding firm on their terms.