Giddey signs four-year extension with Bulls worth about $100M

Chicago Bulls guard Josh Giddey has signed a four year contract extension that will keep him with the team through the 2028-29 season, with the deal reported to be worth roughly 100 million, league sources said. The team did not immediately confirm financial terms, but the reported agreement ends a summer-long standoff over how to price the 22-year-old point guard.

Negotiations had seen the Bulls increase an initial offer that figures showed was in the 80 million range to proposals in the mid-to-high 80 millions, with some reports putting a revised bid at 88 million and others describing a compromise window of 85 million to 90 million. Giddey and his representatives had been seeking compensation closer to 30 million per season and reportedly were open to five-year structures. At one point Giddey also faced the October 1 deadline to sign a one-year qualifying offer of 11.1 million, which would have allowed him to become an unrestricted free agent next summer.

The contract carries clear implications for Chicago’s roster construction. The reported 100 million deal would make Giddey the highest paid player on the Bulls payroll and signals the front office’s commitment to him as a...