In a new report from Joe Cowley of the Chicago Sun-Times, he shared that the Bulls and Giddey are $10 million apart on a new deal. Giddey is searching for a contract in the $30 million per year range, while Chicago is motivated to keep that deal closer to $20 million per season.

Giddey has the option to bet on himself by accepting his $11.1 million qualifying offer, playing out the 2025-26 campaign before hitting unrestricted free agency next summer. However, that route would leave Chicago at risk of losing the 6-foot-8 guard for nothing after acquiring him in exchange for Alex Caruso in June 2024.

Josh Giddey hasn't received much attention this offseason, and that should probably give the Bulls some pause.