The story exploded after veteran Chicago broadcaster Lou Canellis claimed on local radio that Giannis and his representatives contacted the Bulls about a potential move.

Canellis said the front office replied that it was not interested, unwilling to alter the current plan built around its developing roster.​

Multiple outlets quickly amplified the report, framing it as a rare instance of a franchise turning away a two time MVP and Finals MVP. The timing reportedly traces back to the offseason, when Giannis was weighing alternatives and had already been linked to other big markets like New York.​

Chicago’s Logic And The Backlash

According to these reports, the Bulls’ stance centered on protecting their young core and maintaining continuity rather than detonating the roster for a superstar.

That position might make sense from a long term, asset focused perspective, but it clashes with how most contenders operate when a top five player becomes available.​

The backlash from fans and commentators has been fierce, with many questioning how a struggling team could dismiss even a conversation about Giannis. Chicago sits in middling territory in the East, making the idea of rejecting a franchise changing talent feel especially jarring.​

How Believable Is This Scenario?

Even those reporting on the rumor acknowledge that parts of the story strain belief, given how front offices typically react to any whiff of superstar availability. Executives usually at least explore the price, even if a deal never comes close to the finish line.​

Still, the consistency of the accounts around Giannis’ exploratory interest in major markets and Chicago’s reported reluctance keeps the conversation alive.

Whether every detail is accurate or not, the idea that the Bulls might have said no to Antetokounmpo has instantly become a defining what if in Chicago’s modern era.