Giddey-Bulls near standoff over long-term deal as camp looms

Josh Giddey and the Chicago Bulls remain locked in a high-stakes contract standoff as training camp approaches, with both sides publicly optimistic about a resolution but privately separated by a wide gap in valuation. The restricted free agent point guard wants a long-term deal that would pay roughly 30 million dollars per season, while the Bulls have offered a contract in the neighborhood of 20 million per year. If no agreement is reached, Giddey can sign a one-year qualifying offer worth about 11.1 million and become an unrestricted free agent next summer.

The financial divide is stark. Giddey and his representatives are seeking a four-year pact worth approximately 120 million dollars, a figure on par with recent high-profile guard extensions. Chicago’s counterproposal has been described as roughly 80 million over four years. Team officials have held firm on keeping their offer in the 20 million average annual value range, although outside speculation has suggested a possible compromise in the middle, near 25 million per season. Both sides are said to be working toward a resolution before the regular season, with timelines pointing to late August or early September as the...