The Chicago Bulls have yet to reach a compromise with restricted free agent Josh Giddey. The team initially offered Giddey $20 million per year, but Giddey believes it should be at least $30 million.
According to ClutchPoints’ Brett Siegel, the Chicago Bulls slightly increased their proposal to Giddey, and they remain confident that the Australian international will eventually agree to stay with the team.
“Although they held firm on their offer of around $20 million per season, the Bulls have recently increased their proposed contract to try and end this stalemate. Chicago has presented Giddey and his representation with a four-year contract in the ballpark of $85 million to $90 million, league sources said,” Siegel explained.
“This is likely the last contract proposal the Bulls will offer this offseason, as it’s essentially a compromise from what both sides wanted. Whereas the Bulls entered the summer wanting to keep Giddey on a deal around $20 million per season, he wanted to be paid close to $30 million per year,” he added.
Chicago Bulls Rumors: Insider reveals Patrick Williams reason why the team is reluctant to give in to Josh Giddey’s demand
According to ESPN’s Bobby Marks, the Chicago Bulls recently offered Josh Giddey $88 million for four years, which is slightly less than what the Australian international is seeking on his next contract.
It’s not difficult to blame Giddey for wanting more since the Chicago Bulls signed Patrick Williams, who is not a better player, to a five-year, $90 million contract extension last offseason.
“That number is at the bottom of the starting point guards. So, if you’re the Bulls and you just committed five years, $90 million to Patrick Williams based on a lesser body of work, now you’re all of a sudden drawing a line in the sand as far as where you are with Josh Giddey,” Marks said.
