In a significant move during the NBA offseason, the Chicago Bulls have secured the future of rising star Josh Giddey by signing him to a five-year contract worth $100 million. This lucrative deal guarantees Giddey’s presence in Chicago through the 2028-29 NBA season, with an annual salary of $25 million. The contract comes without any additional options, solidifying Giddey’s role as a cornerstone of the franchise.
Negotiations for this contract began before the free agency period, initiated by Giddey’s agent, Daniel Moldovan of Lighthouse Sports. While there were initial discussions around Giddey’s desired salary, which was close to $30 million per year, both parties ultimately found common ground, affirming Giddey’s commitment to the Bulls. League sources indicated that the Bulls had no intentions of exploring a sign-and-trade scenario, emphasizing Giddey’s importance to their long-term plans.
At just 22 years old, Giddey has quickly become one of the NBA’s most promising young talents. His exceptional court vision, ability to create offensive opportunities, and versatility make him an ideal complement to fellow player Matas Buzelis. The Bulls are looking to build a strong foundation for future success, and Giddey is central to that vision.
Giddey’s journey to Chicago began with a pivotal trade before the 2024-25 season, which sent veteran guard Alex Caruso to the Oklahoma City Thunder in exchange for the talented Australian. Initially, this trade raised eyebrows, but the Bulls’ front office recognized Giddey’s potential as a leader for the team’s next chapter. Meanwhile, Caruso has thrived in Oklahoma City, contributing to the Thunder’s first championship since their relocation.
The Bulls’ investment in Giddey appears to be paying off. Last season, he posted impressive statistics that validate the franchise’s belief in his abilities: averaging 14.6 points, 8.1 rebounds, and 7.2 assists per game, with shooting percentages of 46.5% from the field and 37.8% from beyond the arc—his best performance since entering the league. Additionally, Giddey recorded seven triple-doubles in 70 games, placing him among the top ten players in the league in that category.
With this new contract, Josh Giddey is set to become the face of the Chicago Bulls, as the franchise bets on youth and continuity to regain prominence in the NBA. Fans can look forward to watching Giddey develop into a key player as the Bulls aim for success in the coming seasons.