NBA Rumors: A controversial Bulls player is anticipating a massive new deal

The new look Chicago Bulls are younger than year's past but still have a mix of veteran players, making them one of the more intriguing rosters in the NBA. While they probably won't be very good next season, they have several promising young players who could take a major step forward in 2024-25, particularly Josh Giddey, who was acquired from the Oklahoma City Thunder over the summer in a deal that sent Alex Caruso to OKC. 

Although he has his flaws as a player, he is seen as having untapped potential, particularly as a passer, and the Bulls were wise to take a flyer on him. We will now get his chance to see what he can really do. But before the season starts, he is reportedly seeking a monster new contract that will pay him at least $30 million a season, potentially over four or five seasons, according to Yahoo Sports' Jake Fischer.

For a player that has never averaged more than 16.6 points per game to demand at least $30 million a year seems like wishful thinking, especially considering the concerns around his shooting. However, Fischer notes that Toronto Raptors guard Immanuel Quickley signing a $175 million deal worth $35 million annually was the basis for Giddey's ask. 

NBA Rumors: Will the Chicago Bulls offer Josh Giddey a massive new contract?

The Bulls acquired him heading into the final year of his rookie contract, likely with the intention of him playing out that deal and hitting restricted free agency. Doing so makes more sense given the question marks surrounding him. 

Signing him to a big new contract now would seemingly be unnecessary, with other teams unlikely to pay him $30 million a year based on his play at the moment. If he earned such a deal this season, then the Bulls would probably be more than happy to pay him since it would have meant that he had a strong season and showed significant improvement.

That is hope for Giddey with his elite court vision and potential as a point forward and the reason why they acquired from the Thunder. If he doesn't have a breakout year, then the Bulls could sign him to a reasonable deal in restrictive free agency, saving them significantly in terms of annual value.

Of course that means that he wouldn't have lived up to his full potential but, at barely 22 years old, there is always a chance that he is a late bloomer and develops into a great player after next season. Either way, the Bulls are unlikely to meet his contract demands.