In a new report from Joe Cowley of the Chicago Sun-Times, he shared that the Bulls and Giddey are $10 million apart on a new deal. Giddey is searching for a contract in the $30 million per year range, while Chicago is motivated to keep that deal closer to $20 million per season.

While the sides remain stuck in the sand on the terms for a contract extension for the restricted free agent, it's not even August yet in what is being called "a negotiation."

The Athletic recently polled 16 NBA front office personnel to gauge Giddey’s market value. They all agreed they wouldn’t pay him more than $25 million per year. “Fourteen of the 16 participants proposed an average annual salary between $20 million and $25 million,” they wrote.