Insider reveals reason for Bulls' Josh Giddey not signing new contract yet

Jon Conahan

Insider reveals reason for Bulls' Josh Giddey not signing new contract yet image

The horrible reality of the situation for Josh Giddey of the Chicago Bulls is that Chicago has absolutely no reason to give him the money he's looking for. 

Giddey might believe that he deserves all the money he wants, but the Bulls don't have much of a reason to give him that. 

Regardless of whether they believe it's the right or wrong decision, or whether they'll figure something out, the Bulls have all the leverage in this situation. 

Why does Josh Giddey remain unsign?

According to Brett Siegel of Clutch Points, that's the reason why he remains unsigned. 

“Josh Giddey and the Chicago Bulls have yet to reach a deal this offseason. The same can be said about Quentin Grimes and Cam Thomas with the Philadelphia 76ers and Brooklyn Nets, respectively. All four restricted free agency situations are held up because of leverage, and in all four cases, it's the organizations that basically have full control of the players,” he wrote.

It'll be interesting to see how things play out for Giddey over the next few weeks to months. 

MORE: Bulls linked to sharpshooter in late free agency splash

The expectation around the NBA is for the Bulls to get a deal done, but they obviously don't want to give him everything he's looking for. Giddey is a decent player, but might not be worth all the money he's seeking. 

There's also a scenario where he could take a cheaper deal to try to hit the free agency market a bit earlier, but that all has to play itself out, too.

Regardless, the Bulls have something with a young guard, so giving up on him for nothing would be a horrible decision. 

As of now, that shouldn't be the case.

Jon Conahan

Jon Conahan is a freelance writer with The Sporting News. A 2022 Penn State University graduate who majored in journalism, he was also a member of the school's D1 baseball team. His work has been featured on Sports Illustrated, Heavy and other outlets. Jon makes home in North Jersey, but also resides in Cape Coral, Florida, for parts of the year. He’s an avid fan of the New York Yankees, Miami Dolphins and Milwaukee Bucks.