Josh Giddey, the former Oklahoma City Thunder guard who was a restricted free agent this offseason, has agreed to a 4-year, $100 million contract extension with the Chicago Bulls, NBA Insiders reported, citing Giddey’s agents.
The 22-year-old came off a good NBA season with the Bulls, whom he joined in 2024 from the OKC Thunder.
One of the first people in the NBA players’ fraternity to react to the news of Giddey’s new contract was his former teammate at the Oklahoma City Thunder, Jaylin Williams. In a hilarious take on the mammoth contract for the guard, Williams asked on an Instagram story is he can “borrow a couple bucks” from Giddey.
“Can I borrow a couple bucks,” he wrote, tagging Josh Giddey and sharing a post by ESPN on Giddey’s new deal.
As of now, the Chicago Bulls have only confirmed the deal, but did not provide any insights into the terms. The fresh deal for the guard comes on the back of a stellar 2024-25 NBA season where he averaged 14.6 points, with career-highs in rebounds (8.1), assists (7.2), steals (1.2).
Why Bulls Offered $100 Million A Year Contract To Giddey
The Chicago Bulls acquired Josh Giddey in 2024 from the OKC Thunder in exchange for Alex Caruso. In his debut season, Giddey shone with commendable numbers, which made the Bulls see him as the future guard of the team.
The 2024 season put Giddey among the elites of the league, as he became the eighth player in the league’s history with an average of 14 points, seven rebounds, and six assists in a season. Other stars on this list are LeBron James, Nikola Jokic, Luka Doncic, among others.
Thus, it is not a surprise that the Bulls decided to give the star guard a contract extension for four years, and that too for a whopping $100 million. It amounts to around $20 million per season, which makes him one of the highest-paid players in the league.
Giddy was drafted No. 6 overall in the 2021 NBA draft by the OKC Thunder.