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Josh Giddey’s contract negotiations with the Chicago Bulls remain stalled as multiple Eastern Conference teams have reportedly reached out to his representation about possible sign-and-trade deals. According to NBA insider Jake Fischer, the Bulls initially offered Giddey a four-year, $80 million deal, which falls short of the $30 million annual salary the restricted free agent seeks.

Sources tell Fischer that while interest has grown around Giddey since free agency began, Chicago has maintained a firm stance on sign-and-trade discussions. Several rival front offices have expressed hesitation to engage the Bulls directly, given the team’s reluctance to negotiate such scenarios.

The 22-year-old guard’s situation highlights the complexities of restricted free agency under the current NBA collective bargaining agreement. Giddey’s camp reportedly compares his potential contract to deals signed by peers like Jalen Suggs and Jalen Johnson, aiming for a salary that matches his draft class’s top earners.

Giddey’s options remain limited without a firm external offer capable of pressuring Chicago. The Bulls, having invested heavily to acquire the Australian, appear cautious to commit to a long-term, high-cost extension without securing the right terms.

Despite the impasse, sources close to the Bulls indicate confidence that Giddey wants to stay in Chicago long-term. His absence from Summer League games contrasts with recent photos showing him in good spirits alongside teammates, suggesting strong locker room chemistry.

Fischer also connects Giddey’s contract situation to broader trade talks involving Jonathan Kuminga, as the Bulls’ interest in acquiring other young talent complicates their salary cap flexibility.

While a resolution remains uncertain, league insiders consider the possibility that Giddey could play the upcoming season on his qualifying offer before revisiting unrestricted free agency in 2026.

For now, Giddey’s camp continues to weigh offers and market interest, while the Bulls prepare for a critical season with their young core.