The Chicago Bulls initial offer to restricted free agent Josh Giddey was reportedly $80 million over four seasons. The Bulls have upped that offer to $88 million over four years, according to ESPN’s Bobby Marks. That’s still off from what Giddey has been looking for on a new contract.
Giddey has reportedly been looking for a contract that averages closer to $30 million per season. The 22-year-old guard has also been looking at five-year deals.
Giddey has until October 1 to sign his $11.1 million qualifying offer. After that, Giddey would be subject an extension of the qualifying offer from the Bulls, or to agree to another form of contract. If Giddey signs the qualifying offer, he’ll get a one-year no-trade clause, because he would lose his Bird rights if traded.