Josh Giddey Unlikely To Get $30M Per Year From Bulls

[RealGM Wiretap]

Josh Giddey has found restricted free agency to be a slow-moving process. Giddey and the Chicago Bulls are expected to reach an agreement on a new deal, but there's been no real movement as of yet.

Giddey has reportedly been seeking a new contract that averages $30 million per season. The Bulls know that the market for restricted free agents has basically dried up, so they are slow-playing things with their young playmaker. Chicago also isn't likely to go to $30 million per season in a new deal for Giddey.

As a restricted free agent, the options for Giddey are limited. He can wait for a new long-term deal with the Bulls. Or Giddey can sign his $11 million qualifying offer. That would put him on a one-year deal with Chicago, after which Giddey would be an unrestricted free agent in 2026. If Giddey signs the qualifying offer, he'd also have a one-year no-trade clause, because he would lose his Bird rights if traded while on that deal.

Via K.C. Johnson/Chicago Sports Network

[TheCage4]

If you're going to bring him back, what's the hold up? Why wait and create animosity that's only going to cause issues in the interim and possibly long term.

[dubbmotta]

If you're going to bring him back, what's the hold up? Why wait and create animosity that's only going to cause issues in the interim and possibly long term.

They don't think he's worth $30 Mil, they need to see more. He has no other options this year in Free Agency so why pay him $30 Mil?

[elmdawgg69]

If you're going to bring him back, what's the hold up? Why wait and create animosity that's only going to cause issues in the interim and possibly long term.

The longer they wait, the lower his asking price. They should be able to lock him up to a four year, $80 million deal with the last year a team option. He’d be a moron to reject that to sign the qualifying offer.

[Raptors Realtor]

If you're going to bring him back, what's the hold up? Why wait and create animosity that's only going to cause issues in the interim and possibly long term.

The longer they wait, the lower his asking price. They should be able to lock him up to a four year, $80 million deal with the last year a team option. He’d be a moron to reject that to sign the qualifying offer.

If he's looking for $30M, he ain't taking $20M, not to mention giving the Bulls a team option on top of it... He's more likely to ride out the QO this season and try his luck in free agency next season when he will have all the leverage.

[M2J]

If you're going to bring him back, what's the hold up? Why wait and create animosity that's only going to cause issues in the interim and possibly long term.

The longer they wait, the lower his asking price. They should be able to lock him up to a four year, $80 million deal with the last year a team option. He’d be a moron to reject that to sign the qualifying offer.

If he's looking for $30M, he ain't taking $20M, not to mention giving the Bulls a team option on top of it... He's more likely to ride out the QO this season and try his luck in free agency next season when he will have all the leverage.

That's unlikely. Rare a guy takes a QO rather than long-term.

[Raptors Realtor]

The longer they wait, the lower his asking price. They should be able to lock him up to a four year, $80 million deal with the last year a team option. He’d be a moron to reject that to sign the qualifying offer.

If he's looking for $30M, he ain't taking $20M, not to mention giving the Bulls a team option on top of it... He's more likely to ride out the QO this season and try his luck in free agency next season when he will have all the leverage.

That's unlikely. Rare a guy takes a QO rather than long-term.

Not if 'he believes' the team is undervaluing him or lowballing him... If he thinks he can get more on the open market as a UFA, why wouldn't he take the 1year QO and hit the open market after the season.

[Cassius]

Chicago has done this before. Ben Gordon ended up in Detroit after he signed his QO.

[M2J]

If he's looking for $30M, he ain't taking $20M, not to mention giving the Bulls a team option on top of it... He's more likely to ride out the QO this season and try his luck in free agency next season when he will have all the leverage.

That's unlikely. Rare a guy takes a QO rather than long-term.

Not if 'he believes' the team is undervaluing him or lowballing him... If he thinks he can get more on the open market as a UFA, why wouldn't he take the 1year QO and hit the open market after the season.

Just saying it's rare, because him being worth 30 hasn't proven to be viable. Detroit nor Brooklyn or any other team willing to sign and trade for him has tried. He had 1 decent year shooting and he can't defend.... Signing him for 30 could be a good deal or a terrible contract..... Guarantee he doesn't take that QO

[Raptors Realtor]

That's unlikely. Rare a guy takes a QO rather than long-term.

Not if 'he believes' the team is undervaluing him or lowballing him... If he thinks he can get more on the open market as a UFA, why wouldn't he take the 1year QO and hit the open market after the season.

Just saying it's rare, because him being worth 30 hasn't proven to be viable. Detroit nor Brooklyn or any other team willing to sign and trade for him has tried. He had 1 decent year shooting and he can't defend.... Signing him for 30 could be a good deal or a terrible contract..... Guarantee he doesn't take that QO

Well, we'll find out soon enough... But my original point to the other poster still stands, if he's vying for a $30M/per contract, he's not going to accept a 4 year $80M deal, not to mention, a team option on top of it.

[the_process]

There's no market this year for the remaining RFAs.

Therefore the players can either take what they can get long term, or bet on themselves and sign their QOs.

[puja21]

The longer they wait, the lower his asking price. They should be able to lock him up to a four year, $80 million deal with the last year a team option. He’d be a moron to reject that to sign the qualifying offer.

If he's looking for $30M, he ain't taking $20M, not to mention giving the Bulls a team option on top of it... He's more likely to ride out the QO this season and try his luck in free agency next season when he will have all the leverage.

That's unlikely. Rare a guy takes a QO rather than long-term.

Rare but it's already happened to 2 Bulls this offseason

If someone bigger was going to do it again, this year qualifies -- no one has money and lots looking to reset under the apron like Boston.

[Econgrad]

Not if 'he believes' the team is undervaluing him or lowballing him... If he thinks he can get more on the open market as a UFA, why wouldn't he take the 1year QO and hit the open market after the season.

Just saying it's rare, because him being worth 30 hasn't proven to be viable. Detroit nor Brooklyn or any other team willing to sign and trade for him has tried. He had 1 decent year shooting and he can't defend.... Signing him for 30 could be a good deal or a terrible contract..... Guarantee he doesn't take that QO

Well, we'll find out soon enough... But my original point to the other poster still stands, if he's vying for a $30M/per contract, he's not going to accept a 4 year $80M deal, not to mention, a team option on top of it.

But if no one with money is willing to pay him $30m then he's not going to get it. When 'mid' players actually have to go to the open market they often end up with a lot less. Think about what happened to Gary Trent Jr, he wanted a big bag from the Raptors and then had to go to the open market and got a whole lot less than what he originally wanted.
That is what I don't get about NBA teams, they end up extending or re-signing their own players for 2-3x more than they would get if they signed on the free agent market. And then they cry about luxury tax and aprons, just stop signing mid players to huge deals and let the market determine their worth.

[uconn83]

if only they showed this same restraint with Patrick Williams last summer

[Raptors Realtor]

Just saying it's rare, because him being worth 30 hasn't proven to be viable. Detroit nor Brooklyn or any other team willing to sign and trade for him has tried. He had 1 decent year shooting and he can't defend.... Signing him for 30 could be a good deal or a terrible contract..... Guarantee he doesn't take that QO

Well, we'll find out soon enough... But my original point to the other poster still stands, if he's vying for a $30M/per contract, he's not going to accept a 4 year $80M deal, not to mention, a team option on top of it.

But if no one with money is willing to pay him $30m then he's not going to get it. When 'mid' players actually have to go to the open market they often end up with a lot less. Think about what happened to Gary Trent Jr, he wanted a big bag from the Raptors and then had to go to the open market and got a whole lot less than what he originally wanted.
That is what I don't get about NBA teams, they end up extending or re-signing their own players for 2-3x more than they would get if they signed on the free agent market. And then they cry about luxury tax and aprons, just stop signing mid players to huge deals and let the market determine their worth.

Look I'm not saying he's worth $30M or would even get that if/when he becomes a UFA... All I'm saying is, if his expectation is $30M, he's not going negotiate down to $20M like the initial post I was responding to stated, a 33% decrease seems like too big of gap.

And yes, I agree, the gap in contract size between the stars and non-stars has increased significantly the past 2 years with the new CBA.

[Econgrad]

Well, we'll find out soon enough... But my original point to the other poster still stands, if he's vying for a $30M/per contract, he's not going to accept a 4 year $80M deal, not to mention, a team option on top of it.

But if no one with money is willing to pay him $30m then he's not going to get it. When 'mid' players actually have to go to the open market they often end up with a lot less. Think about what happened to Gary Trent Jr, he wanted a big bag from the Raptors and then had to go to the open market and got a whole lot less than what he originally wanted.
That is what I don't get about NBA teams, they end up extending or re-signing their own players for 2-3x more than they would get if they signed on the free agent market. And then they cry about luxury tax and aprons, just stop signing mid players to huge deals and let the market determine their worth.

Look I'm not saying he's worth $30M or would even get that if/when he becomes a UFA... All I'm saying is, if his expectation is $30M, he's not going negotiate down to $20M like the initial post I was responding to stated, a 33% decrease seems like to big of gap.

And yes, I agree, the gap in contract size between the stars and non-stars have increased significantly the past 2 years with the new CBA.

Fair enough, sorry I wasn't trying to imply that you felt he was worth the contract. I'm just frustrated at teams giving players contracts that they could never get as free agents. I mean if Giddey really thinks he's worth the $30 million, then by all means he should test the waters as a free agent. He will get a wake up call pretty quick because there are hardly any teams with that kind of $$ available and if they do, they aren't giving $30m to Giddey. That is the kind of contract that looks real bad about 10 minutes after being signed.

[elmdawgg69]

He’s going to regret not taking 4 yrs $80 million like that bum for the Heat Kendrick Nunn and Oladipo with the Rockets. Both immediately were out of the league within two years.

[Pickled Prunes]

If you're going to bring him back, what's the hold up? Why wait and create animosity that's only going to cause issues in the interim and possibly long term.

The longer they wait, the lower his asking price. They should be able to lock him up to a four year, $80 million deal with the last year a team option. He’d be a moron to reject that to sign the qualifying offer.

The lower the annual rate, the more likely that he signs for less years. 3yr/$75m with a player option vs. 4yr/$120 with a team option seems like a huge financial difference, but that is two years of team control vs. four years of team control, and all for $5mil per year. And the lower deal might have him looking forwards to getting out of CHI. We're you're talking about a 22yo that averaged 15/8/7 last season and has seemingly found his shot. He will be tradeable at $30m.

[Pickled Prunes]

But if no one with money is willing to pay him $30m then he's not going to get it. When 'mid' players actually have to go to the open market they often end up with a lot less. Think about what happened to Gary Trent Jr, he wanted a big bag from the Raptors and then had to go to the open market and got a whole lot less than what he originally wanted.
That is what I don't get about NBA teams, they end up extending or re-signing their own players for 2-3x more than they would get if they signed on the free agent market. And then they cry about luxury tax and aprons, just stop signing mid players to huge deals and let the market determine their worth.

Look I'm not saying he's worth $30M or would even get that if/when he becomes a UFA... All I'm saying is, if his expectation is $30M, he's not going negotiate down to $20M like the initial post I was responding to stated, a 33% decrease seems like to big of gap.

And yes, I agree, the gap in contract size between the stars and non-stars have increased significantly the past 2 years with the new CBA.

Fair enough, sorry I wasn't trying to imply that you felt he was worth the contract. I'm just frustrated at teams giving players contracts that they could never get as free agents. I mean if Giddey really thinks he's worth the $30 million, then by all means he should test the waters as a free agent. He will get a wake up call pretty quick because there are hardly any teams with that kind of $$ available and if they do, they aren't giving $30m to Giddey. That is the kind of contract that looks real bad about 10 minutes after being signed.

$30m is about 19% of the cap. If he took a flat deal he would be at 15% of the cap in the 4th season when he's just turning 26... and right when CHI might be ready to win something again.

He might be worth it and he might not, but building a team requires you to take chances on players. He's 22yo and was 10th in APG last season. Everyon ahead of him were All-Stars, including 3 former MVP's. There were 7 former MVP's in the top 21 and only one other player that has never been an AS... Isaiah Collier who was a rookie on a bad team last season. Giddey is exactly the kind of player that a team like CHI needs to take a chance on, and the $$$ he's asking for is less than 20% of the cap. They're being cheap!

[watpho71]

The Bulls went 15-5 in their last 20 regular season games to reach the play-in. Giddey averaged 21.4, 10.7, 9.1 in that stretch. This is what his team is telling the Bulls, we thought you wanted your future looking like this, no? And now you don't want to pay us? It's a relatively small sample size, but impressive nonetheless. When was the last time the Bulls went 15-5 from games 63-82 on the schedule? It's a shame because it seems to be a very good fit for both sides. I'm not sure Giddey could maximize his game with any other team quite like this situation with the Bulls and I'm not sure the Bulls would be able to find a bulk creator for their team like Josh Giddey in free agency anytime soon. Hopefully they come to an agreement before October first.