Bulls contract offer for Josh Giddey revealed by NBA insider
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 minutes ago
- Yahoo
Cantor outlines how to navigate the emerging Bitcoin treasury sector
- The amount of Bitcoin owned by companies specializing in accruing more of the cryptocurrency is anticipated to rise, according to analysts at Cantor. Many firms have recently embarked on Bitcoin buying sprees, as part of a bid to capitalize on the digital coin's soaring value and hopes for a softer regulatory backdrop. In a note, the analysts led by Brett Knoblauch said these so-called "Bitcoin treasury companies," such as MicroStrategy (NASDAQ:MSTR), Marathon Digital Holdings (NASDAQ:MARA), and CleanSpark (NASDAQ:CLSK), own or have raised capital acquire roughly 904,000 of the digital tokens. "[W]e expect that number to only continue to increase given the capital market advantages these companies have," they argued. They added that "if feels like a new Bitcoin treasury play is emerging every day," fueled by a range of factors, including retail investor enthusiasm, the relative ease of buying stocks compared to cryptocurrencies, and fewer punitive tax rules equities than on digital assets. "Financial engineering" is also seen allowing Bitcoin treasury companies to continuously grow their Bitcoin positions in the future, the analysts predicted. The trend comes as firms are trying to emulate the success of Strategy, the software group formerly known as MicroStrategy, which began building up its Bitcoin stockpile in 2020 and now owns more than $63 billion worth of the world's largest cryptocurrency. Investors have seemingly celebrated the move, with Strategy's stock up by 3,000% since 2020, mirroring a surge in Bitcoin to recent all-time highs. Last week, twenty new public firms announced crypto purchases, the Cantor analysts noted. But "not all Bitcoin treasury companies are created equal" and "some offer better risk/reward than others," they flagged. Perhaps most importantly, these companies need to be able to rake in capital, as this will help facilitate further Bitcoin purchases, the analysts said. "The amount of capital a company has access to in this space is largely driven by trading liquidity. For shares to have a relatively high amount of volume, we believe they need to have a management team that carries weight in the crypto ecosystem," they argued. Buying Bitcoin is crucial for these companies, as their ability to acquire more of the asset will likely determine their long-term performance, the analysts said. "Thus, if we look at multiple of Bitcoin net asset value, a company on a higher multiple today objectively screens more expensive, but that could be entirely justified by the market's perception that it can sustain continued Bitcoin acquisitions over the long run," they wrote. Against this backdrop, the analysts named Strategy as their top pick among Bitcoin treasury names, and initiated coverage of new players Semler Scientific and Fold Holdings with "overweight" ratings. Related articles Cantor outlines how to navigate the emerging Bitcoin treasury sector Eric Trump tweets support for Ethereum amid price rally Trump-linked World Liberty Financial coin price could 'skyrocket' says analyst Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 minutes ago
- Yahoo
4 Wealth Transfer Strategies Most People Learn About Too Late
Many Americans hope to leave a financial legacy, but without the right estate planning strategies, much of that wealth could be lost to taxes, probate or family conflict. A robust estate plan includes thoughtful transfer strategies that ensure heirs get to hold on to as much wealth as possible — and these strategies should be put in place as early as possible for a smooth transition of assets. For You: Check Out: Here are four commonly overlooked estate planning moves that can help protect your wealth and preserve it for your loved ones. 1. Use Lifetime Gifting To Reduce Estate Taxes Gifting assets during your lifetime — either directly or through vehicles like a family limited partnership — not only reduces your taxable estate but allows you to witness the impact of your generosity. Yet, many high-net-worth individuals don't take full advantage of the annual or lifetime gift tax exemption until it's too late, said Michelle Taylor, a financial advisor at GFG Solutions and the founder of the Women and Wealth Initiative. 'There's a saying that I like to remind clients to think about: Would you rather give with a cold hand or a warm one?' she said. 'This helps people think through what matters most when it comes to gifting.' Explore More: 2. Set Up a Trust To Control and Protect Wealth Trusts are another powerful tool that are often underutilized. 'Whether it's a revocable living trust to avoid probate, or more advanced strategies like a spousal lifetime access trust (SLAT) or irrevocable life insurance trust (ILIT), these can help control how and when wealth is distributed, protect assets from creditors and preserve family harmony,' Taylor said. These can be especially helpful in cases where there are blended families or complex business interests. 3. Use Life Insurance To Create Tax-Free Inheritance Life insurance can play a key role in wealth transfer planning, especially when structured properly. 'Life insurance can be a smart way to create liquidity to pay estate taxes or equalize inheritances among heirs, but the structure matters,' Taylor said. 'Policies held inside a properly designed trust — like an ILIT — keep the death benefit out of your estate and in your family's hands.' 4. Plan Early To Minimize Estate Taxes Estate tax minimization strategies — such as freezing the value of appreciating assets or leveraging valuation discounts — can dramatically reduce what's owed. But timing is everything. 'These are highly time-sensitive and must be planned for years in advance,' Taylor said. How To Implement Wealth Transfer Strategies Wealth transfer strategies should be implemented in your overall financial plan as early as possible, and should be continually updated as policies or personal circumstances change. 'Personal financial situations can shift unexpectedly, especially in today's rapidly evolving legislative landscape,' said Brian Tullio, CFP, wealth manager at Fairway Wealth Management. 'To avoid unintended estate tax exposure, stay proactive and integrate estate planning into your ongoing financial planning discussions,' he said. 'As your circumstances change or new laws are enacted, regularly reviewing and updating your estate plan will serve as a critical part of your overall comprehensive wealth planning.' It's also crucial to communicate your plans clearly with loved ones. 'A lot of financial damage happens not because the documents were wrong, but because the family wasn't prepared,' said Dr. Stephan Shipe, CFP, founder of Scholar Financial Advising. 'I always tell clients, if you don't make these decisions clearly and intentionally, your kids will have to. And they'll be doing it without you in the room.' That's why he emphasizes the importance of both documentation and dialogue. 'A trust or estate plan can help protect assets, but it won't prevent conflict if no one understands how or why the plan was created,' he said. 'That's when even a so-called simple estate becomes complicated.'More From GOBankingRates 5 Steps to Take if You Want To Create Generational Wealth I'm a Financial Advisor: My Clients Who Retire Early All Do These 3 Things 4 Things You Should Do if You Want To Retire Early Dave Ramsey: The 3 Worst Mistakes People Make When Trying To Build Wealth This article originally appeared on 4 Wealth Transfer Strategies Most People Learn About Too Late Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 minutes ago
- Yahoo
Madden 26: Ravens star QB Lamar Jackson headlines the '99 Overall Club'
The Ravens are loaded on offense, with two or three players who can legitimately be ranked as the best at their position. Madden NFL 26 will be released on August 14, and EA Sports has started the rollout, revealing the seven players who made the coveted '99 Overall Club. Baltimore was well represented with MVP candidate and star quarterback Lamar Jackson making the list. Last season, the 28-year-old Jackson set career highs in touchdown passes (41), passing yards (4,172), and quarterback rating (119.6) while throwing just four interceptions. Offensive Coordinator Todd Monken is entering his third season coaching Jackson and expects the quarterback's growth to continue and reach another level as he enters the prime of his career. This article originally appeared on Ravens Wire: Lamar Jackson makes the coveted '99 Overall Club' for Madden NFL 26
