“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,” he wrote. “Chicago has presented Giddey and his representation with a four-year contract in the ballpark of $85 million to $90 million, league sources said.”

The Chicago Bulls have increased their original offer to Josh Giddey, but they are still looking to retain him at a lower rate than most starting point guards around the NBA are currently making.

The Chicago Bulls never tried to hide how much they value Josh Giddey. The Bulls acquired Giddey in a one-for-one trade for Alex Caruso coming off the first real benching of his career with the Oklahoma City Thunder in the 2024 NBA Playoffs.