Let's get it out in the open—there's a very real possibility Josh Giddey re-signs with the Chicago Bulls on the qualifying offer. What was once dismissed as unlikely is now a conceivable reality.
Although Giddey's qualifying offer is substantially below his reported $30 million asking price, it allows him flexibility next offseason. Moreover, his $11.14 million qualifying offer isn't drastically lower than the Bulls' reported offer.
Remember, Chicago offered the 22-year-old point guard roughly $80 million over four seasons. That's $20 million on average, but in all likelihood, Giddey wouldn't earn $20 million next season at a flat rate.