The 2025 NBA Free Agency has been alive for over a month now. Typically, most signings, renewals, and new agreements should be finalized, but this year, there are issues with restricted free agents. The two cases causing the most complications are those of Jonathan Kuminga with the Golden State Warriors and Josh Giddey with the Chicago Bulls.
At the beginning of the summer, the Bulls never expected Josh Giddey's renewal to pose so many problems. The team started the free agency market by offering their guard a new contract of $80 million for an additional 4 seasons with the Illinois franchise. That is, $20 million per year.
That offer did not convince Giddey, who hoped to secure a better deal in the free agency leveraging his 'restricted' status. If Chicago wanted to keep their player and another team offered more, the Bulls would need to match that offer. Despite Josh Giddey's desire to earn at least $30 million per season, Chicago is not budging in the slightest.

As reported by NBA Rumors from Jake Fischer, an insider from Bleacher Report and The Stein Line, the Chicago Bulls will not increase their offer of $20 million per year, leaving Josh Giddey waiting for another team to want to sign him or ultimately conceding and accepting the contract with the Bulls.
Potential Interested Teams
There aren't many offers left for Josh Giddey to consider. In fact, the only team capable of meeting the player's desired contract is the Brooklyn Nets. The New York franchise is the sole one with the available salary space to agree on that $30 million deal, but there have been no indications of their pursuit so far.
In recent days, there has also been talk of a potential deal with the Golden State Warriors via 'Sign&Trade'. The Bay Area team is in a similar situation with Jonathan Kuminga, and both teams would trade their player to put an end to operations that have been a real headache for the franchises.
This news is an automatic translation. You can read the original news, Los Bulls se plantan en las negociaciones: ¿Se va a ir Josh Giddey?