Should the Bulls Re-Sign the 2021 Sixth Overall Pick in Free Agency?
The Chicago Bulls are at a crossroads as they evaluate whether to re-sign point guard Josh Giddey in restricted free agency. Acquired during the 2024 offseason, Giddey quickly emerged as a bright spot, showcasing his elite court vision, size, and versatility. At six-foot-eight with the ability to rebound, pass, and score, Giddey adds a unique dynamic to Chicago’s backcourt. His late-season surge — where he averaged over 21 points, 10 rebounds, and nine assists, proved he could be a long-term solution at the point. For a team in need of identity and youth, bringing Giddey back makes logical sense.
However, the financial implications of re-signing Giddey can’t be ignored. He’s expected to command somewhere between $25 to $30 million annually, which would be a significant investment for a team that hasn’t been a serious contender in years. While his upside is undeniable, the Bulls must consider if locking in that kind of money limits their flexibility in building around other young talents like Coby White and Mataez Buzelis. Giddey’s defense remains inconsistent, and his outside shooting still needs development. Is Josh Giddey the truth, or just a hot streak waiting to cool off? That’s the big question Chicago must answer before making a long-term commitment.
That said, the Bulls still have leverage due to Giddey’s restricted free-agent status. Chicago can allow the market to determine his value and match any offer sheet he signs, potentially saving millions compared to offering a maximum extension upfront. Letting Giddey explore offers while maintaining the right-to-match ensures the team won’t get caught in a bidding war. If no other team comes forward with a lucrative deal, the Bulls could secure him on a more reasonable contract closer to $20–25 million annually. This strategy would reward Giddey's potential while protecting the team’s long-term cap health.
Ultimately, re-signing Giddey is a move the Bulls should make, but only under the right circumstances. He represents a rare combination of youth, playmaking, and size at the guard position that’s hard to find. If developed properly and surrounded by the right pieces, Giddey could be a cornerstone of the next great Bulls team. However, rushing into a high-priced deal would be a mistake that echoes past front-office errors. The Bulls must be smart, strategic, and patient — letting the market talk before they commit to Giddey as the face of the franchise moving forward.
