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Bulls contract offer for Josh Giddey revealed by NBA insider

Bulls contract offer for Josh Giddey revealed by NBA insider

Yahoo3 days ago
Restricted free agents around the NBA are in the worst possible situation at the moment. It's very unfortunate, but it helps the Chicago Bulls' scenario.
As of now, the Bulls have no reason to give Josh Giddey all the money he wants, unless they genuinely believe he's worth it.
Even then, it isn't like another team around the league could realistically give him what he's looking for.
According to a recent report from Brett Siegel, Giddey is currently seeking a deal similar to Jalen Suggs, who landed a five-year, $150 million deal.
He wants something in the $30 million AAV range, but the Bulls aren't willing to give him that.
"The two sides met at NBA Summer League in Las Vegas, where Giddey and his camp made it clear they want a contract similar to that of Jalen Suggs (5-year, $150 million) and Immanuel Quickley (5-year, $162 million) and have not come down from their $30 million annual average value asking price," Siegel wrote.
MORE:
Siegel later added that the Bulls haven't offered Giddey more than $20 million per year, a $10 million difference between the two sides.
"The Bulls have not offered more than a four-year contract in the $20 million per year range," Sigel continued. "However, the two sides are expected to reunite and negotiate and find common ground on a new deal this summer. No team outside of Chicago has expressed legitimate interest in Giddey due to his contract demands."
It remains uncertain how things will play out over the next few weeks to months, but Giddey isn't in the position he had hoped for entering the offseason.
It's an unfortunate reality of the new CBA, as restricted free agents around the league continue to face this issue.
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How meme stock mania is a 'sign of the times'
How meme stock mania is a 'sign of the times'

Yahoo

time10 minutes ago

  • Yahoo

How meme stock mania is a 'sign of the times'

Retail investors are piling into high-volatility trades, from meme stocks to speculative plays. Stocktwits editor in chief and vice president of community Tom Bruni explains what the activity says about market sentiment and how companies like GoPro (GPRO) and Krispy Kreme (DNUT) can respond. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Meme stocks, we're talking GoPro and Krispy Kreme. When you watch these moves, Tom, is it fun? Is it concerning? What do you make of it? Yeah, it's a bit of both. I think the, uh, it's a sign of the environment we're in. We've had a record rally off the April lows. Most of the major indexes are up 20, 30%. Stocks like Robinhood, Coinbase, Palantir, retail favorites are up 200, 300% in this short period. We're coming off two back-to-back 25% plus years in the S&P. And so, I mean, animal spirits are alive and well. I read a stat today, 70% of the options market volume is on the call side, and 27% of year-to-date volume in trading across the board is coming in stocks under $5. That's even higher than during the pandemic. Because I I I asked that question, Tom, because I can understand some viewers would be watching this and they would be thinking to themselves, well, all of a sudden we're talking about Josh and Tom were talking meme stocks, we're talking about spacks again. Just whether you see this sort of speculative activity and is it a side to you of froth in the market. Yeah. Yeah, typically we see this type of activity towards the latter end of a move. So, again, not calling a market top, but I mean, think about it. We're up 30% in the indices over three months. A lot of great news has been priced in, and I think earning season is kind of bringing the market kind of back into to focus on the fundamentals. Um, and so I think it's just a sign of the times. People, you know, when you see your portfolio going up 25% in three months, you're not really interested in making one or two percent here. You're going for multibaggers, as they like to say online. But I think it's also important to frame the conversation. People are not all in and all out. They are using a portion of their portfolio that is for fun and speculation and, you know, growth, uh, for these opportunities and not necessarily taking the excessive risk that I think a lot of people think of. And when you're watching these moves, Tom, do we have line of sight of of who's in? I mean, is this retail traders? Is it the pros? Is it both? Yeah, what I've been saying is that retail is starting the party and then forcing the institutions to dance. And what I mean by that is the institutions are kind of setting these stocks up for a meme type situation, heavily shorted brand names that like have some fundamental value, but you know, are not going to zero. And then we have sophisticated investors online, retail, using market mechanics against the institutions. So in the situation of calls earlier this week, the stock moved from $11 to $20 in the pre-market. It doesn't take a whole lot of volume on the retail side to be able to move a stock like that. And if you're an institution that's short, uh, or or hedged against that stock, you got to make that move at the open. And so it's kind of a situation where retail is saying, hey, this situation doesn't make sense to us. There's a fundamental case to be made here, and we're going to move the market in our direction and the institutions will have to adjust. Let's say you're a GoPro or Krispy Kreme. Yeah. You see these moves, right? What should be, you think time, your reaction, your response? How should you, if at all, try and take advantage of it? Yeah. I mean, every company with high short interest right now should be thinking about how do we convert conversation and attention into capital and long-term shareholder conviction. The difference between this being a short-term move where the stock just pops and and moves lower is management's ability to go out there, raise capital, uh, get their balance sheets in focus, and really tell a compelling story for shareholders to say, hey, this is not just a trade. We're really turning this business around. There's a fundamental reason to be involved here. And I think it's the investor relations departments, the the executives that are using online platforms like Stocktwits, like Twitter, like Reddit, to get their messaging out there and tell a compelling story. Those are going to be the ones that stick around. Those who choose not to engage with retail are likely going to see their stock fall. Let's have another another name I want you to take on Opendoor. Uh, we had EMJ's Eric Jackson on on YFi talking about the name. Take a listen to what he had to say. Yeah. Open door's not a meme stock. This is a real turnaround legitimate turnaround story. It's an opportunity for anybody who missed Carvana. And I missed it at 350. I got in at $15 on Carvana. So I think I do know what to look for in these kinds of situations, um, and I think that this is the ground floor for a move to 82. What what do you make of Mr. Jackson's comments? He's talking Opendoor and he saying, listen, this is a real story. This is a fundamental story. What do you make of that? Yeah. I think individual story aside, I think that's what's kind of attracting people to these situations. They see a company that's beaten down, highly bet against, and there's some glimpse of a fundamental case to be made where somebody can say, you know what? I I kind of believe that. You know, maybe it shouldn't be trading at 82, but maybe it shouldn't be trading at a dollar. And there's a lot of room in between there. And so we're seeing people reassess situations that have otherwise been left for dead. And as retail gets into these names, institutions also have to adjust and, again, I think it's going to come down to the management team of Opendoor. What do they do with this situation? Um, how do they create a compelling narrative? Because right now it's all about the stock price. It's all about what's happening with trading, but what's actually happening with the company? What are they going to do from a strategy perspective to get this back on the right footing? More broadly, Tom, I'm also just interested in the Stocktwits community. How do they feel right now about this market? Where do they stand on this rally after the move we've seen after that April low? Yeah. I mean, it's quite, uh, quite amazing. Throughout the April period, we saw kind of institutions running for the hills on on tariff concerns, but retail was in there buying the dip, and they've been quite aggressive throughout this entire rally. But that said, we're seeing some catch-up plays, uh, you know, come to fruition here. So instead of focusing on a Robinhood or Coinbase that's up, you know, hundreds of percentages already, they're looking at other opportunities. We're looking international. Japan just, uh, just signed a trade deal. Um, you know, Chinese stocks are are set to play catch up if they can get a deal. So people are looking for value. They're still bullish overall, but they're looking for opportunities where, uh, maybe the the puck is going as opposed to where it's been. When I last spoke to you, Tom, I remember, correct me if I'm wrong, but there was a lot of interest, enthusiasm, again, the Stocktwits community on themes like nuclear, um, things like AI, crypto. Are those still front and center? Yeah. Yeah. That's continuing. You're just seeing, uh, money rotate within those themes. So rather than play it directly through Nvidia or directly through the same names, um, they're looking for other opportunities. So lithium stocks, uh, are a big one that I've seen pop off over the last couple of weeks. Um, solar stocks are are catching a bit again. So people are seeing these broader themes and saying, okay, instead of buying the the nuclear energy stock that's already up 400%, maybe I buy a solar stock because I know that there's going to be some energy component to this kind of broader theme. So Last last question, Tom. What about crypto? Is that still a point of interest on the platform? It it's, um, you know, it's kind of spread as risk appetite has, um, kind of widened here. Seeing a lot of meme coins, a lot of interest around Ethereum. There's a couple of treasury, uh, you know, Ethereum treasury companies out there. So, uh, definitely a hot area. I think the next phase for crypto and where people are looking on Crypto Twitter is, uh, stable coins. You know, we've got Circle, we've got Robin Hood making a big, uh, move into staking and stable coins. So I think that's kind of the next leg of this, uh, you know, crypto market rally.

Shedeur Sanders unfazed by lack of first-team reps at Browns camp
Shedeur Sanders unfazed by lack of first-team reps at Browns camp

Yahoo

time10 minutes ago

  • Yahoo

Shedeur Sanders unfazed by lack of first-team reps at Browns camp

BEREA, Ohio (AP) — If Shedeur Sanders is frustrated about not receiving any snaps with the first team during the first week of the Cleveland Browns' training camp, he isn't showing it. Sanders said on Friday that it is out of his control and not his place to answer why he has worked mainly with the third and fourth teams during the first three days of practice. 'I'm not even going to think about that or have that even in my thought process of why it is,' Sanders said. 'It doesn't make me feel down or it doesn't make me feel left out or anything because I know who I am as a person. I know who I am as an individual, and I know what I could bring to this team.' Sanders — selected by the Browns in the fifth round after a precipitous fall in April's draft — did get some work with the second team for the first time on Friday. He had one of the best throws of the 80-minute practice on a completion down the middle to tight end Blake Whiteheart during 11-on-11 drills. Sanders showed he could bounce back after a bad day of practice. He was unable to throw a pass during a four-play red zone drill on Thursday after snap issues on two plays, a false start, and what would have been a sack. 'I know whenever I get my opportunity, I've got to maximize it,' he said. 'I just got to think about what I could do to get better even if I'm not getting reps.' Coach Kevin Stefanski didn't say if Sanders would receive any first-team snaps. Stefanski did note, though, that he has been happy with Sanders' progress over the past couple of months. 'Yeah, I think Shedeur does a nice job of keeping the main thing, the main thing. He's working hard and keeping his head down,' Stefanski said. There have been 13 sets of 11-on-11 drills during the first three days. Joe Flacco has had the most work with the first team with seven, Kenny Pickett has had five and third-round pick Dillon Gabriel one. Flacco and Pickett are the two main combatants in the four-man competition to see who will be the starter for the Sept. 7 opener against the Cincinnati Bengals. All four are getting plenty of snaps on the two practice fields, but there is a difference in who they are working with. Sanders said the one advantage of not getting many snaps is that he has had the opportunity to learn more in-depth about everything instead of on the fly like he did at Jackson State and Colorado, where his father, Hall of Fame cornerback Deion Sanders, instantly made him the starter. Shedeur Sanders added that the area where he has made the most improvement is being more comfortable with the playbook. 'It's always consistent growth, and it always feels like I just solved a puzzle or anything, like, all the time,' he said. Quarterback coach Bill Musgrave — who was Deion Sanders' teammate during San Francisco's Super Bowl-winning season in 1994 — has been impressed with Sanders' ability to call the play in the huddle as well as calling plays under center. He also added he has seen the same progress from Gabriel, a third-round pick. When it comes to the outside pressures Sanders might face — including heightened expectations from fans — Musgrave said that everyone has pressure, but the approach has to remain the same. 'The focus has got to be on the techniques, the five-step drop, the seven-step drop, being accurate with our throws,' Musgrave said. 'If we can focus on our trade, the external factors take a back seat, which is where they should remain.' While some may waver from the expectations, Sanders has embraced them. He has made a couple of appearances in the Cleveland area, including hosting a community event to benefit residents displaced after an apartment complex fire. He also accepted responsibility for two speeding tickets last month. However, things that are happening off the field are the last thing on Sanders' mind over the next five weeks. 'The external is cool. I'm thankful for it,' he said. 'But hey, when I get out there, I'm not thinking about external. I'm thinking about more, in the organization, thinking about getting the play calls, executing my job, and doing what I've got to do.' ___ AP NFL:

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