Lighthouse Sports Management agent Daniel Moldovan told ESPN Tuesday.
The deal is completely guaranteed, with no player or team options. The Bulls announced the contract Tuesday, but did not disclose terms.
Giddey, 22, dominated the Bulls cornerstone of starting point guards through trade with the Oklahoma City Thunder in the 2024 offseason.
Giddey's pro season in Chicago is on the verge of 14.6 points per game, while rebounds (8.1), assists (7.2), steals (1.2) and 3-point shooting percentage (37.8%) have the highest average career-average. He released 7 times triple, three times the second place in Bulls history, trailing Michael Jordan in 1988-89 (15).
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Giddey's performances have taken a higher level after the All-Star Game and All-Star Guard Zach Lavine's deal. The 6-foot-8 product is the Bulls leader, with an average of 21.2 points, 10.7 rebounds and 9.3 assists with 50% shooting percentage, including 3-point 46%.
On March 22 against the Los Angeles Lakers, Giddey became the first player to have 15 points, 15 assists, 10 rebounds and 8 steals in the NBA game, as steals became the official stat in 1973-74. The Bulls secured the game berth 15-5 last season. Giddey played in 13 of these games, averaging 20.6 points, 10.7 rebounds and 9.7 assists in this range.
In the final month of the season, he wielded his muscles torn in the shooter's palm.
Giddey, the sixth-ranked draft pick at Oklahoma City in 2021 NBA Draft, quickly demonstrated his ability to fill the statistics. Giddey remains the youngest player in NBA history, scoring 14 points, 14 assists and 13 rebounds at the age of 19 and 84 days old.
He became the second restricted free agent to close a deal in September after Nets Guard Cam Thomas signed a one-year, $6 million qualifying offer last week. Golden State's Jonathan Kuminga and Philadelphia's Quentin Grimes remain excellent restricted free agents.
Entering free agents this summer, with only a few teams having cap space, which has caused a freeze to the restricted market. For much of the offseason, the Brooklyn Nets were the only team with real salary cap space.