Finding Contract Compromises For Top Three Remaining RFAs
It's September 7 and three of the summer's top restricted free agents remain unsigned. By all accounts, there has been no real movement in weeks for Bulls guard Josh Giddey, Warriors forward Jonathan Kuminga, and Sixers wing Quentin Grimes, but we're still expecting resolution at some point this month, prior to the October 1 deadline for restricted free agents to accept their qualifying offers.
As those standoffs drag on, we're taking a closer look today at what "compromise" contracts might look like for Giddey, Kuminga, and Grimes.
These aren't necessarily the contracts we expect them to eventually sign. There's no guarantee that one side or the other will budge from its current position -- either the team or the player may have to cave sooner or later, rather than the two sides meeting somewhere in the middle. In the case of Nets guard Cam Thomas, for instance, signing his $6MM qualifying offer wasn't a "compromise," but it was how his free agency ultimately concluded.
In our view, the proposals below represent fair resolutions for both the player and team, leaving both sides feeling like they came out of the negotiations with a reasonable outcome.
Let's dive in...
Free Agent Notes: Giddey, Lyles, Bacot, Gallinari
The Bulls‘ have increased their offer to restricted free agent guard Josh Giddey since they reportedly proposed a four-year deal worth $20MM annually the start of free agency, according to ESPN’s Bobby Marks (YouTube link). However, it remains well below the price that Giddey and his camp are reportedly seeking.
“He was offered four years, $80 million when free agency started,” Marks said. “That number has gone up to four years, $88MM.”
As Marks points out, that $22MM-per-year figure would be at the low end of the spectrum for starting point guards. Giddey’s representatives have reportedly been seeking $30MM annually since they discussed a potential rookie scale extension with the Bulls last fall. While Giddey may not ultimately get that sort of commitment from Chicago, Marks believes the team should be willing to further increase its offer if it views the 22-year-old as an important long-term building block.
“If you think that he’s your point guard of the future, then you sign him to what point guard money is,” Marks said. “And I’m not saying you sign him to Immanuel Quickley money at $32.5MM (per year) or five years, $160MM. But you sign him in that $26-28MM (per year range) and you do it for three years or four years. And if it’s four years, $100MM or four years, $110MM, it’s still good value going forward.”
Some sort of resolution is expected within the next few weeks for Giddey and the Bulls, since training camps open by the end of the month and October 1 is the deadline for a restricted free agent to accept his qualifying offer.
Here are a few more notes on free agents from around the basketball world:
- While the exact terms are unclear, veteran forward Trey Lyles has an NBA out clause in his new deal with Real Madrid that “ensures he retains flexibility should an opportunity arise to return during the 2025/26 season,” Grant Afseth writes for RG.org. Before agreeing to sign a one-year contract reportedly worth $3MM with the Spanish club, Lyles drew interest from the Heat, Kings, and other EuroLeague teams, including Fenerbahce, sources tell Afseth.
- Speaking of Fenerbahce, the Turkish club has signed former North Carolina standout Armando Bacot to a one-year contract, according to a press release. Bacot, who inked an Exhibit 10 contract with the Grizzlies and then played for the Memphis Hustle last season after going undrafted out of UNC, will be paid more than $1MM on his deal with Fenerbahce, per Jeff Goodman of Field of 68 (Twitter link).
- Although Danilo Gallinari has stated his intention to retire from the Italian national team after this year’s EuroBasket tournament, the longtime NBA forward is leaving his options open when it comes to extending his professional career beyond this summer, as Michalis Gioulenoglou of Eurohoops relays. “I said anything is possible,” Gallinari replied when asked about the possibility of playing in the EuroLeague again. “I’m not thinking about anything. I didn’t think about anything yet. I didn’t make any plans, so we’ll see.” The 37-year-old, who has made 777 career regular season appearances, recently expressed some interest in the idea of joining an NBA team as a veteran leader.
Nikola Vucevic Retires From National Team
Bulls center Nikola Vucevic has announced his retirement from the Montenegrin national team, BasketNews.com relays.
Montenegro failed to advance in the EuroBasket tournament. Vucevic made his announcement after the team lost to Great Britain.
“It sucks for me to finish [my international career] this way. I would have loved to play more in Riga, but it is what it is,” Vucevic said. “I’d like to thank my teammates, coaches, and most importantly, the fans for everything they did throughout my career with the national team. It was an honor to play here, but that’s sports. I enjoyed playing here, but it’s time for a new generation to leave its mark.”
Vucevic made his first major national team appearance in 2011 at EuroBasket.
“There’s a lot of pride; we are a very small country. We don’t have a lot of players, and for us, every time we got into a big tournament, it was a huge success, and we always tried to do our best and represent our country the best way,” he said, per Aris Barkas of Eurohoops.net. “In some tournaments we did well, in some others we didn’t, and that’s how it goes.
“I am very proud that I had the chance to represent my country in all these tournaments, and very happy to play with all the guys I had. With some of them, we are close friends now, and that’s something that you have for the rest of your life. We are all very proud; we wish it could have ended differently, but that’s sports. Sometimes it’s great, sometimes it’s not.”
Vucevic, who turns 35 in October, is entering the final season of his three-year, $60MM contract with the Bulls.
Eastern Notes: Nets, Celtics, Bulls, Jovic
The Nets still have roughly $16MM in cap space left, according to New York Post’s Brian Lewis, and could still explore ways to add more draft assets from a team looking to dump salary. The Nets have already absorbed the contracts of Michael Porter Jr., Terance Mann and Haywood Highsmith while picking up a 2025 first-round pick (Drake Powell was taken in that spot), the Nuggets’ unprotected 2032 first-round pick and the Heat’s 2032 second-rounder. They are actively looking for more of those opportunities, Lewis reports.
Here’s more from the Eastern Conference:
- Now that the Celtics ownership has changed hands, will there be a change of venue? The Boston Globe’s Shirley Leung explores that possibility, noting that the new owners are keeping their options open. Currently, the Celtics share TD Garden with the NHL Bruins and rent from Garden owner Delaware North, Leung points out. It might more sense for the franchise to play in a new basketball arena flanked by real estate development in the surrounding area.
- The Chicago Sun-Times’ Joe Cowley has offered plenty of criticism regarding the Bulls’ front office in recent years. However, Cowley believes that there are other front offices more dysfunctional that the one led by executive VP Arturas Karnisovas and general manager Marc Eversley, placing the Pelicans, Knicks and Suns in that category.
- Nikola Jovic suffered what appeared to be a minor hand injury in Serbia’s 82-60 EuroBasket victory over the Czech Republic, Ira Winderman of the Sun Sentinel tweets. The Heat forward had 10 points and six rebounds for Serbia, which has already had clinched a spot in the round of 16.
EuroBasket Notes: Fontecchio, Avdija, Sarr, Vucevic, Sengun
After shooting a rough 23.8% from the field in Italy’s first two EuroBasket games, Heat forward Simone Fontecchio rebounded in a big way on Sunday. As The Miami Herald’s Anthony Chiang (Twitter link) relays, Fontecchio poured in 39 points while shooting 65.0% from the field and 70.0% from three in a win against Bosnia and Herzegovina. He also added eight rebounds and three assists across 37 minutes.
The Italian forward broke his country’s all-time single-game scoring record, surpassing Andrea Bargnani‘s 36 points in 2011. The only other modern player in Italy’s all-time top five is Danilo Gallinari‘s 33 points in 2015.
Fontecchio’s breakout EuroBasket game, which included seven three-pointers, is an encouraging sign for the Heat. Fontecchio arrived in Miami in the trade that sent the Heat’s all-time leader in three-pointers, Duncan Robinson, to the Pistons.
We have more from EuroBasket:
- Israel pulled off an upset in Group D with a 80-69 win over France behind a 23-point, eight-rebound, five-steal performance from Trail Blazers forward Deni Avdija, per Eurohoops.net. According to the official French National Team page (Twitter link), Wizards center Alex Sarr missed the game to rest a minor right calf injury.
- Bulls center Nikola Vucevic helped deliver Montenegro a huge win over Sweden in Group B, recording 23 points, 15 rebounds and three blocks. As BasketNews details, Vucevic’s performance was one of his best in a national team jersey. “It felt great, great team effort, proud of all the guys, really competed, really left it all on the floor,” Vucevic said. “Anybody that came into the game played, had huge impact at different points right throughout the game and that’s what we needed.”
- Alperen Sengun notched 21 points, eight rebounds and five assists against Estonia and has led Turkey to a 4-0 record in Group A. According to Eurohoops.net, the Rockets center became the first player in the last 30 years to record at least 20 points, five rebounds and five assists in three straight EuroBasket games.
Bulls Notes: Front Office, Rose, Buzelis, Williams
The Bulls have been mired in mediocrity for the past three seasons, finishing with middling records a shade below .500 and failing to advance out of the play-in tournament each year.
With that in mind, Joe Cowley of The Chicago Sun-Times (subscriber link) takes stock of whether or not Chicago has an actionable strategy for lifting the club out of its plight long-term. Cowley calls out president Arturas Karnisovas and general manager Marc Eversley for having “no real plan” for bringing in an All-Star-caliber player this summer, either through free agency or a trade.
There’s more out of the Windy City:
- On January 24 this season, the Bulls will retire the No. 1 jersey of former 2011 MVP guard Derrick Rose, who called it a career last summer. Joel Lorenzi of The Athletic asserts that Rose is worthy of such an honor despite only spending eight seasons — including two years almost entirely lost due to injury from 2012-14 — in Chicago. Lorenzi observes that Rose, a Chicago native and former MVP, will be just the fifth Bulls player to have his jersey retired, along with Michael Jordan‘s No. 23, Scottie Pippen‘s No. 33, Jerry Sloan‘s No. 4, and Bob Love‘s No. 10.
- In lieu of landing an established star, the Bulls are counting on 2025 All-Rookie Second Team forward Matas Buzelis to emerge as their star of the future, Lorenzi observes in the same story.
- Just a year after being signed to a five-year, $90MM deal, Bulls forward Patrick Williams finds himself in a tenuous standing with Chicago, Lorenzi writes as he considers what the next step is for the Bulls and the former No. 4 overall pick. The club’s lone trade this summer, for another defense-first young forward in Isaac Okoro, could make Williams somewhat expendable if he doesn’t take a step forward this fall.
Bulls’ Nikola Vucevic Discusses Karnisovas, Future
Speaking to Lukas Katilius of BasketNews.com ahead of Montenegro’s 27-point loss to Lithuania at EuroBasket 2025, a game in which he recorded 20 points, 10 rebounds, four assists, two steals and a block, Bulls center Nikola Vucevic said he has a strong relationship with head of basketball operations Arturas Karnisovas.
Vucevic has been the subject of trade rumors for several months, including speculation in late July about a potential mid-season buyout if Chicago is unable to eventually find a deal it likes.
“It has been very good. We have good communication,” Vucevic said of his relationship with Karnisovas. “He has always been pretty open with me. Even just a couple of weeks ago, when the buyout news came out, he actually texted me to tell me not to worry about it and not to read into it.
“I have known AK for a long time. When I did my pre-draft workout, he was with Houston and took me out to dinner for an interview. So I have known him for a very long time.”
Vucevic, who turns 35 years old in October, is on an expiring $21.48MM contract. He defended Karnisovas’ tenure, saying he liked a lot of the moves the front office has made over the years, but noted the previous iteration of the team battled injuries (Lonzo Ball, among others) and the Bulls weren’t sure how to pivot until they decided to turn to “slightly younger players.”
Vucevic said earlier this month he has “almost no doubt” that he’ll open the season with the Bulls and told BasketNews he was very open to staying in Chicago, though he acknowledged that wasn’t necessarily in his control.
“Yes, of course. I mean, it has been good for me there,” Vucevic said. “We will see—I have one more year left with them, so we will see what happens if I stay or if something changes. But yeah, obviously, I would love to win in Chicago.”
While he isn’t the most nimble defender or a great rim protector, Vucevic’s per-game production has been quite consistent over his Bulls tenure and he has also been durable. The two-time All-Star had one of his most efficient offensive seasons in 2024/25, averaging 18.5 points, 10.1 rebounds and 3.5 assists per game with a shooting line of .530/.402/.805 in 73 regular season appearances (31.2 MPG).
28 Current NBA Players Competing In FIBA EuroBasket 2025
On the heels of the FIBA World Cup in 2023 and the Paris Olympics in 2024, the 2025 NBA offseason doesn’t feature a major international tournament in which the United States’ top stars are competing.
However, several of the league’s biggest names – including three-time Most Valuable Player Nikola Jokic, two-time MVP Giannis Antetokounmpo, and five-time All-NBA first-teamer Luka Doncic – are taking part in FIBA EuroBasket 2025, which tipped off on Wednesday.
The tournament, also known as the European Basketball Championship, takes place every four years and features 24 European countries vying for a gold medal. The 24 teams who qualified for EuroBasket are split up into four groups and will face the other teams in their group across five games from August 27 to September 4.
At the end of group play, the top four teams from each group will advance to the knockout round, which is a single-elimination tournament featuring the remaining 16 countries.
By our count, 28 active NBA players are taking part in EuroBasket 2025, along with 30 former NBA players and several more who were selected in an NBA draft but have yet to play in the league.
Here’s the full list of current and former NBA players set to compete in EuroBasket, sorted by group and country:
Group A
Czechia (Czech Republic)
- Current NBA players: Vit Krejci (Hawks)
- Former NBA players: None
Estonia
- Current NBA players: None
- Former NBA players: Henri Drell
Latvia
- Current NBA players: Kristaps Porzingis (Hawks)
- Former NBA players: Davis Bertans, Dairis Bertans
Portugal
- Current NBA players: Neemias Queta (Celtics)
- Former NBA players: None
Serbia
- Current NBA players: Nikola Jokic (Nuggets), Bogdan Bogdanovic (Clippers), Nikola Jovic (Heat), Tristan Vukcevic (Wizards)
- Former NBA players: Vasilije Micic, Marko Guduric, Filip Petrusev
Serbia’s roster also includes Nikola Milutinov and Vanja Marinkovic, who are former NBA draft picks but have never played in the league.
Turkey
- Current NBA players: Alperen Sengun (Rockets), Adem Bona (Sixers)
- Former NBA players: Cedi Osman, Furkan Korkmaz, Shane Larkin, Omer Yurtseven, Onuralp Bitim
Group B
Finland
- Current NBA players: Lauri Markkanen (Jazz)
- Former NBA players: None
Germany
- Current NBA players: Franz Wagner (Magic), Dennis Schröder (Kings), Tristan Da Silva (Magic)
- Former NBA players: Daniel Theis, Isaac Bonga
Great Britain
- Current NBA players: None
- Former NBA players: Tarik Phillip
Lithuania
- Current NBA players: Jonas Valanciunas (Nuggets)
- Former NBA players: Deividas Sirvydis
Lithuania’s roster also includes Rokas Jokubaitis, a former NBA draft pick who has never played in the league, and Azuolas Tubelis, who was on a two-way contract with the Sixers during the 2023 offseason but was waived before the season began.
Montenegro
- Current NBA players: Nikola Vucevic (Bulls)
- Former NBA players: Marko Simonovic
Sweden
- Current NBA players: Pelle Larsson (Heat)
- Former NBA players: None
Group C
Bosnia and Herzegovina
- Current NBA players: Jusuf Nurkic (Jazz)
- Former NBA players: None
Cyprus
- Current NBA players: None
- Former NBA players: None
Georgia
- Current NBA players: Goga Bitadze (Magic), Sandro Mamukelashvili (Raptors)
- Former NBA players: Tornike Shengelia
Greece
- Current NBA players: Giannis Antetokounmpo (Bucks)
- Former NBA players: Thanasis Antetokounmpo, Tyler Dorsey, Kostas Papanikolaou, Kostas Antetokounmpo
Italy
- Current NBA players: Simone Fontecchio (Heat)
- Former NBA players: Danilo Gallinari, Nicolo Melli
Italy’s roster also includes Matteo Spagnolo, Gabriele Procida, and Saliou Niang, who are former NBA draft picks but have never played in the league.
Spain
- Current NBA players: Santi Aldama (Grizzlies)
- Former NBA players: Willy Hernangomez, Juancho Hernangomez
Group D
Belgium
- Current NBA players: None
- Former NBA players: None
France
- Current NBA players: Zaccharie Risacher (Hawks), Guerschon Yabusele (Knicks), Alex Sarr (Wizards), Bilal Coulibaly (Wizards)
- Former NBA players: Timothe Luwawu-Cabarrot, Theo Maledon, Elie Okobo, Jaylen Hoard
France’s roster also includes Isaia Cordinier, a former NBA draft pick who has never played in the league.
Iceland
- Current NBA players: None
- Former NBA players: None
Israel
- Current NBA players: Deni Avdija (Trail Blazers)
- Former NBA players: None
Israel’s roster also includes Yam Madar, a former NBA draft pick who has never played in the league.
Poland
- Current NBA players: None
- Former NBA players: Jordan Loyd
Slovenia
- Current NBA players: Luka Doncic (Lakers)
- Former NBA players: None
Bulls To Retire Derrick Rose’s No. 1 Jersey On Jan. 24
The Bulls will retire Derrick Rose‘s No. 1 jersey on January 24, 2026, according to a team press release (Twitter link).
Chicago announced this past January — ahead of “Derrick Rose Night” — that it would be adding Rose’s jersey to the rafters of the United Center at some point during the 2025/26 season. Now we know the ceremony will occur on a Saturday when Chicago hosts Boston, as shown by the Bulls’ official schedule.
Rose, who retired as a player this past September, spent eight seasons with Chicago, his hometown team. As Julia Poe of The Chicago Tribune noted last October, no Bull has worn No. 1 since Rose was traded to New York in 2016.
“Derrick is both a hometown hero and a symbol of an entire era of Bulls basketball,” chairman Jerry Reinsdorf said in January. “Retiring a jersey recognizes a player’s impact beyond on-court achievements. It honors individuals who have made extraordinary contributions to the organization and forged deep, lasting connections with fans. It recognizes that emotional bond and the great influence a player has had on the team and organization’s identity.”
The Bulls selected Rose with the first overall pick in the 2008 NBA draft. He earned Rookie of the Year honors in 2009 and was named an All-Star in each of his next three seasons, winning the MVP award in 2011. Over the course of that season, his third in the NBA at age 22, Rose averaged 25.0 points, 7.7 assists and 4.1 rebounds per game across 81 starts, leading the Bulls to a league-best 62-20 record and a spot in the Eastern Conference Finals.
However, Rose’s career hit a snag following his first four seasons in Chicago, as he missed the entire 2012/13 season due to an ACL tear and only played in 10 games in ’13/14 as he continued to recover from that injury. Overall, he averaged 19.7 PPG, 6.2 APG and 3.7 RPG in 406 regular season games with the Bulls, posting a shooting slash line of .448/.302/.813.
Rose, who turns 37 in early October, will be the fifth former Bull to have his jersey retired, joining Jerry Sloan (No. 4), Bob Love (No. 10), Michael Jordan (No. 23) and Scottie Pippen (No. 33). Chicago also has banners honoring former head coach Phil Jackson and former general manager Jerry Krause.
The fact that Rose won the MVP award while still on his rookie scale contract resulted in an NBA rule being unofficially named after him. As we’ve outlined in a Hoops Rumors Glossary entry, the “Derrick Rose rule” allows players coming off their rookie deals to sign maximum-salary contracts worth up to 30% of the salary cap instead of the typical 25% if they’ve earned a major award such as MVP, Defensive Player of the Year, or All-NBA.
Longtime Bulls Exec Steve Weinman Named Wake Forest GM
Steve Weinman, who has spent the past 13 years in the Bulls‘ front office, has been hired by Wake Forest University and will serve as the general manager for the Demon Deacons’ men’s and women’s basketball programs, the school announced on Thursday in a press release.
According to Wake Forest’s announcement, Weinman will also hold the title of senior associate athletics director for analytics in his new position. He’ll work closely with the men’s and women’s basketball head coaches on “roster construction including recruiting strategy, transfer portal evaluation, resource allocation and planning.”
Initially hired by the Bulls as a basketball operations assistant, Weinman earned multiple promotions during his time in Chicago, most recently serving as an assistant general manager and VP of basketball strategy and analytics. His responsibilities during his stint with the franchise included managing the salary cap, scouting pro and amateur players, and leading the club’s analytics department.
As a result of the professionalization of college sports, NCAA basketball programs have been increasingly inclined to target NBA executives for GM roles, with Weinman the latest veteran executive to leave an NBA position for a college job.
The most notable example of an NBA-to-NCAA move in recent months was probably former Hawks general manager Wes Wilcox – then a high-ranking executive in the Kings’ front office – leaving Sacramento to become the GM at the University of Utah.