In a move that has sent shockwaves through the NBA community, Josh Giddey has agreed to a four-year, \$100 million contract extension with the Chicago Bulls. The deal, finalized on September 9, 2025, secures the 22-year-old Australian guard’s future in Chicago through the 2028–29 season. Giddey, who was acquired from the Oklahoma City Thunder in June 2024 in exchange for Alex Caruso, had a standout 2024–25 season with the Bulls, averaging 14.6 points, 8.1 rebounds, 7.2 assists, and 1.2 steals per game, including a career-high 37.8% shooting from beyond the arc.
The contract extension comes after months of speculation and negotiations. Initially a restricted free agent, Giddey had the option to accept a one-year qualifying offer, which would have made him an unrestricted free agent the following offseason. However, he chose the security of a long-term deal with the Bulls, who view him as a foundational piece of their young core, alongside players like Matas Buzelis, Noa Essengue, and Coby White.
Despite Giddey’s impressive individual performance, the Bulls’ season ended in disappointment with a loss in the play-in tournament. This outcome has led to mixed reactions among fans and analysts. Some view the extension as a prudent move to retain a promising talent, while others question the commitment to a player who has yet to lead the team to significant postseason success.
The contract’s structure is noteworthy, as it is fully guaranteed with no player or team options, reflecting the Bulls’ confidence in Giddey’s potential. The deal also positions Giddey to test the free-agent market again in his prime, providing him with future flexibility.
As the NBA offseason continues, Giddey’s extension has become a focal point of discussion, with many eager to see how he will contribute to the Bulls’ aspirations in the coming seasons. The team’s upcoming training camp and preseason games will be critical in determining how Giddey and his teammates can build upon the foundation laid in the previous season.
