The Chicago Bulls’ opening proposal to restricted free agent Josh Giddey was reportedly valued at $80 million across four seasons.
According to ESPN’s Bobby Marks, the team has since increased that figure, now offering Giddey $88 million over the same four-year span.
Despite the bump in salary, the offer still falls short of what Giddey and his representatives have been seeking in negotiations.
The 22-year-old guard is believed to be targeting a contract that pays closer to $30 million annually, along with a preference for a longer commitment – ideally a five-year deal rather than four.
The Australian faces a key decision in the coming weeks. He has until October 1 to sign his $11.1 million qualifying offer from Chicago. If he chooses that route, he would play out the upcoming season on a one-year deal.
That decision would also trigger certain protections: specifically, Giddey would earn a one-year no-trade clause, since accepting the qualifying offer would strip him of his Bird rights if dealt.
If the former Thunder guard declines the qualifying offer, his options would be to negotiate a new agreement with the Bulls or potentially explore other paths under restricted free agency rules.
Bulls Offering Josh Giddey $88M Over Four Years https://t.co/ZFvrJzmTQa
— RealGM (@RealGM) September 5, 2025
