Bulls cannot fall into the sunk cost fallacy with Josh Giddey

Miami Heat v Chicago Bulls - Play-In Tournament | Justin Casterline/GettyImagesThe Chicago Bulls have been in a restricted free agency standoff with Josh Giddey all offseason. Giddey wants more than what the Bulls are willing to offer, but the team may be feeling pressure if he’s willing to sign a qualifying offer.

But the Bulls must avoid falling into the trap of the sunk cost fallacy and giving Giddey what he wants because of their past decisions.

The Bulls front office needs to make decisions in the present

Now that the first restricted free agent domino has fallen with Cam Thomas accepting his qualifying offer, other players in his position may feel inspired to do the same. Of course,…