In a new report from Joe Cowley of the Chicago Sun-Times, he shared that the Bulls and Giddey are $10 million apart on a new deal. Giddey is searching for a contract in the $30 million per year range, while Chicago is motivated to keep that deal closer to $20 million per season.

Chicago continues to negotiate on terms of a possible new deal with restricted free agent Josh Giddey, while NBA rivals weigh in.

While the sides remain stuck in the sand on the terms for a contract extension for the restricted free agent, it's not even August yet in what is being called "a negotiation."