NBA Trade Rumors: Josh Giddey's $120M Payday - The Chicago Bulls' High-Stakes Bet on Their Aussie Superstar
Josh Giddey (Image via Getty)
The
Chicago Bulls' bold gamble on Josh Giddey
has paid off in a major way—and now, the franchise faces a pivotal decision. After a breakout 2024-25 season, the 22-year-old Australian phenom is poised to secure a mammoth contract extension, with NBA insiders projecting a deal worth at least $120 million.
Josh Giddey's arrival via trade initially flew under the radar, but his rapid ascent into stardom has made him indispensable in Chicago. What began as a season of adjustment transformed into a showcase of his elite playmaking, rebounding, and scoring prowess—especially after the Chicago Bulls moved on from Zach LaVine. With Giddey's restricted free agency looming, the front office must now weigh a franchise-altering investment in a player who has proven he can carry the team's future.
From his near-triple-double surges to his vocal leadership, Josh Giddey has cemented himself as the Chicago Bulls' cornerstone. The question isn't whether they should pay him—it's whether they can afford not to.
Josh Giddey's Breakout Season With the Chicago Bulls
After arriving via trade, Josh Giddey quickly became a cornerstone for the
Chicago Bulls
. His stat line for the season—14.6 points, 8.1 rebounds, and 7.2 assists per game—underscored his versatility. But his post-All-Star break performance was even more impressive:
- 21.2 points per game
- 10.7 rebounds per game
- 9.3 assists per game
Josh Giddey. Image via: Michael Reaves/ Getty Images
The turning point? The
Zach LaVine
trade. Giddey acknowledged the shift, telling
Fox Sports Australia
: "The first half of the year it's a new situation, so naturally there's going to be an inclination to come in here and try to fit in. That was my initial mindset... But I think it took me a little while to find my feet, and obviously, trade deadline happened when Zach got moved... It kind of opened up avenues for other guys to step into. I saw that as an opportunity to take on a bigger responsibility." (H/t:
ClutchPoints
)
The $120 Million Question
Giddey enters restricted free agency this summer, giving the Bulls the right to match any offer. Fischer reports the 22-year-old is seeking a five-year deal worth no less than $120 million—roughly $30 million annually. Here's how his current and projected earnings stack up:
Earnings Period
Salary
2024-25 Season
$8.4 million
Projected New Deal
~$30 million/year
Fischer's analysis aligns with Giddey's rising value: "Sources say Philadelphia has ongoing confidence in its ability to re-sign Grimes, but let's see.
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Ditto for the Chicago Bulls and Giddey coming to terms on the five-year pact that the Aussie playmaker is said to be seeking which is routinely projected to land at no less than $120 million."
Why the Chicago Bulls Must Keep Josh Giddey
With LaVine gone, Josh Giddey's role as a primary playmaker and scorer is undeniable. Key reasons Chicago should lock him up:
1. Post-Deadline Dominance: Nearly averaged a triple-double after LaVine's departure.
2. Youth and Upside: At 22, he's entering his prime.
3. Roster Stability: The Bulls lack young stars, making Giddey a core piece.
The front office faces pressure to secure Giddey long-term while navigating other offseason moves, including the NBA Draft. But one thing is clear: letting him walk isn't an option.
Also read:
NBA Trade Rumors: Golden State Warriors might be in contention to bag $228,200,420 Milwaukee Bucks superstar to form Big 3 with Stephen Curry and Jimmy Butler
As Fischer's reporting suggests, the Bulls are likely preparing a hefty offer to ensure their rising star stays put. For a team in need of direction, Giddey represents both the present and the future.
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