The Chicago Bulls may not admit it publicly, but they know they messed up with Patrick Williams. Last offseason, they chose not to extend the former No. 4 overall pick, hoping he’d prove his worth in the 2023-24 season. Instead, Williams delivered the same underwhelming performance, suffered a season-ending foot injury, and still landed a five-year, $90 million deal in restricted free agency. Now, as Josh Giddey approaches his own restricted free agency, the Bulls insist they’ve learned their lesson. But have they?
The Patrick Williams Mistake
Patrick Williams was supposed to be a cornerstone for the Bulls. Drafted 4th overall in 2020, he showed flashes but never delivered. Last year the Bulls decided to let him play out his contract year before committing long term.
But Williams didn’t rise to the occasion. He averaged nearly identical stats to his first two seasons, played only 43 games due to injury, and was even benched by head coach Billy Donovan in January. Despite this, the Bulls handed him a $90 million extension before other teams could even make offers in restricted free agency.
The move left many scratching their heads. Williams’ lack of development and injury concerns made the deal look like a massive overpay—one the Bulls now regret.
Josh Giddey: The Next Test
With Josh Giddey set to hit restricted free agency this summer, the Bulls have a chance to prove they’ve learned from the Williams debacle. Giddey, acquired in a trade with the Thunder, has shown promise but also inconsistency.
After a career-worst year in Oklahoma City, Giddey’s camp reportedly sought a $30 million annual deal last offseason. While his averages of 13.0 points, 7.5 rebounds, and 6.5 assists look solid on paper, his first season in Chicago has been a mixed bag.
But Giddey is finishing the season strong. Over his last 4 games he’s averaged 24.3 points, 12.0 rebounds, 8.0 assists, 1.5 steals. This hot streak has raised his stock but the Bulls can’t let it cloud their judgement.
Have the Bulls Really Learned?
According to Chicago Sports Network’s K.C. Johnson, the Bulls’ front office claims they’ve learned from the Williams situation. “I’ve been told… that the Bulls have learned from that situation,” Johnson said. “My feeling is if you’re the Bulls, you let Josh Giddey go and get an offer sheet.”
The smart move would be to let Giddey test the market and match any reasonable offer. With limited cap space across the league, the Bulls could potentially retain him at a team-friendly price. But given their history, there’s no guarantee they’ll stick to the plan.