Josh Giddey is still a free agent. He and the Chicago Bulls are yet to reach an agreement on a new contract. However, the playmaking guard re-signing with the franchise remains the most likely outcome.

The Bulls haven't made any big splashes in free agency yet, and many people are waiting to see when will they extend Josh Giddey.

Giddey’s qualifying offer, which is determined by his draft slot, is a one-year contract offer worth roughly $11.14MM, but it essentially serves as a placeholder while he and the Bulls work out a new contract agreement — or while he pursues an offer sheet from a rival suitor.