Bulls Offering Josh Giddey $88M Over Four Years

[RealGM Wiretap]

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.

Via Bobby Marks/ESPN

[TheCage4]

I'm not exactly sure what this kids agent is telling him, but it can't be right. $88 million, if managed correctly, has the possibility of being generational wealth.

[BernteB]

I'm not exactly sure what this kids agent is telling him, but it can't be right. $88 million, if managed correctly, has the possibility of being generational wealth.

managed correctly aka don't be a f*cking idiot. honestly, if you are not dumber than a box of rocks, 88 mio IS generational wealth for you, your children and your grandchhildren (if there is still a planet to live on for them). also, don't forget, he already made 27 mio during his rookie contract.

[SparksAC]

To us, say it's a difference between making 120k a year or 88k a year. Would you take the 88k a year thinking you're worth 120k a year? Probably not.

[the_process]

If the Bulls really want to keep him, and really think he's their PG, go to 4-100. No options. That will not be turned down. I know Reinsdorf loves to pinch pennies, but that would still be significantly less than the 30M per Giddey wants. Or worse, if Giddey signs his QO, then you would probably have to practically max him out next summer when a ton of teams have cap room.

[HotelVitale]

I'm not exactly sure what this kids agent is telling him, but it can't be right. $88 million, if managed correctly, has the possibility of being generational wealth.

managed correctly aka don't be a f*cking idiot. honestly, if you are not dumber than a box of rocks, 88 mio IS generational wealth for you, your children and your grandchhildren (if there is still a planet to live on for them). also, don't forget, he already made 27 mio during his rookie contract.

Who cares, guys. His choice here isn’t 88m or nothing, not sure what you all want to accomplish by saying that 88m is a lot of money.

You could probably live on like 30k a year and maybe lots of people in Nepal or Honduras would love that salary, but you’re not going to tell your boss you’re good with that if you can get more money.

[BernteB]

To us, say it's a difference between making 120k a year or 88k a year. Would you take the 88k a year thinking you're worth 120k a year? Probably not.

nah, it's not the same. it basically makes no difference if you make 22 mio or if you make 30 mio. at a certain point, money becomes just a figure. you can buy whatever you want. but it makes a huge difference, if you make 80k or 120k/year.

[MitchB3]

I'm not exactly sure what this kids agent is telling him, but it can't be right. $88 million, if managed correctly, has the possibility of being generational wealth.

Regardless the money will be generational, however, you can't lowball the player either.

[Bash1676]

It is so surreal the postings/energy on this forums is quite a contrasts to the postings on the Kuminga's situation with the Warriors.

[TheCage4]

I'm not exactly sure what this kids agent is telling him, but it can't be right. $88 million, if managed correctly, has the possibility of being generational wealth.

managed correctly aka don't be a f*cking idiot. honestly, if you are not dumber than a box of rocks, 88 mio IS generational wealth for you, your children and your grandchhildren (if there is still a planet to live on for them). also, don't forget, he already made 27 mio during his rookie contract.

There is a laundry list of professional athletes that made double in terms of contractual money and have zero to show for it.

https://www.theplayerscompany.co/blog/how-many-athletes-go-broke/

[WiggOuts]

it could be worse, they could be paying someone like 100m per year to not even play

[elchengue20]

Greed of these people is disgusting.

With 5 million and basic investments you can live a luxury life until you die.

[PoundTown]

I'm not exactly sure what this kids agent is telling him, but it can't be right. $88 million, if managed correctly, has the possibility of being generational wealth.

managed correctly aka don't be a f*cking idiot. honestly, if you are not dumber than a box of rocks, 88 mio IS generational wealth for you, your children and your grandchhildren (if there is still a planet to live on for them). also, don't forget, he already made 27 mio during his rookie contract.

I guess that could be the problem; I'm not up to date on terms between players and agents, but if agent gets 10 percent and Giddey and agent are looking for 120 Mil vs the 88 offered, the agent is losing out on 3.2 Mil and he might not want to. Anyways, I agree with you, at the end of the day, if I am Giddey, I am taking that, but I also want player options to get out earlier if he's blowing up. Giddey does have a special feel for the game on the offensive end and I wouldn't be surprised if he becomes really good, or he could kind of top out and everyone will focus on that defence and the offence not being quite good enough to make up for it. I do believe in his shot though, he's shown great improvement already and made 1.5 a game at nearly 38 percent last year. Should be able to keep that efficiency and add a little more volume, like 2 a game. That's above average shooting.

[Effigy]

To us, say it's a difference between making 120k a year or 88k a year. Would you take the 88k a year thinking you're worth 120k a year? Probably not.

It's really not the same at all. Ignoring the fact that you are applying the 4 year value to a one year example, 88k isn't enough to have a good living these days. There's a huge difference in how well you can provide for your family at that level. Now the difference between $88 million and $120 million, there's not nearly so much difference. Either way all your needs and your family's needs will be met for the rest of your life.

But going with your example, would you take the 88k they are offering if the alternative is that you have to take 40k for the next year and then HOPE you can get more than 88k after that, but you might not.

[Rek]

He's an absolute no-show on defense. It's not relevant that HE thinks he's worth more. He simply isn't.

It cracks me up that they keep referring to players like Quickley and his obvious overpay from Toronto to try to justify that they should also be overpaid.

If Chicago caves and pays Giddey what he's trying to demand, they won't be able to trade him if they decide to move in another direction. That alone is reason enough to hold firm.

Overpaying for one-way players is a certain recipe for a deficient roster with no escape path. Same reason Brooklyn isn't handing a bag to Cam.

I'm no fan of the CHI front office team. But they're doing the right thing here. It's just terrible judgment that they sacrificed Caruso to put themselves in this position to begin with.

[sonictecture]

Josh Giddey left a team he loved to bet on himself. That bet wasn’t just a bigger payday but the opportunity to be a core player on a team with the ball in his hands.

Chicago’s contract offer is for a high end role player, not a core player.

[stlboy]

He's an absolute no-show on defense. It's not relevant that HE thinks he's worth more. He simply isn't.

It cracks me up that they keep referring to players like Quickley and his obvious overpay from Toronto to try to justify that they should also be overpaid.

If Chicago caves and pays Giddey what he's trying to demand, they won't be able to trade him if they decide to move in another direction. That alone is reason enough to hold firm.

Overpaying for one-way players is a certain recipe for a deficient roster with no escape path. Same reason Brooklyn isn't handing a bag to Cam.

I'm no fan of the CHI front office team. But they're doing the right thing here. It's just terrible judgment that they sacrificed Caruso to put themselves in this position to begin with.

The guy is flirting with a triple double average every season, and you calling him a one way player? If that’s your argument cool, but don’t lowball him.

[76Shots]

Greed of these people is disgusting.

With 5 million and basic investments you can live a luxury life until you die.

So he should just take what he's offered and be happy huh? Greed has absolutely nothing to do with this situation.

[Rek]

He's an absolute no-show on defense. It's not relevant that HE thinks he's worth more. He simply isn't.

It cracks me up that they keep referring to players like Quickley and his obvious overpay from Toronto to try to justify that they should also be overpaid.

If Chicago caves and pays Giddey what he's trying to demand, they won't be able to trade him if they decide to move in another direction. That alone is reason enough to hold firm.

Overpaying for one-way players is a certain recipe for a deficient roster with no escape path. Same reason Brooklyn isn't handing a bag to Cam.

I'm no fan of the CHI front office team. But they're doing the right thing here. It's just terrible judgment that they sacrificed Caruso to put themselves in this position to begin with.

The guy is flirting with a triple double average every season, and you calling him a one way player? If that’s your argument cool, but don’t lowball him.

He can't stop anyone on defense. Full stop.

Those pretty numbers don't equal wins when you're giving it all back on the other end.

There's a reason why OKC was fine letting him go.

[jigga_man]

I'm not exactly sure what this kids agent is telling him, but it can't be right. $88 million, if managed correctly, has the possibility of being generational wealth.

lol, you can say this for a billion dollars as well. Anyone can blow any type of amount. 88M is an obscene amount of wealth for anyone