Milwaukee Bucks star Giannis Antetokounmpo has agreed to a three-year, $186 million maximum contract extension, league sources tell The Athletic.
According to multiple reports, the deal includes a player option on the 2027-28 season. The signing was finalized after the club representatives and Giannis’ agent, Alex Saratsis, met on Sunday. It had to be done before the official deadline at 11:59 PM EST on Monday if both sides wanted to sign an extension.
MILWAUKEEEEEEEEE!! Let’s get it!!!! #BucksInSix #Extended pic.twitter.com/2wP0AVqG3Y
— Giannis Antetokounmpo (@Giannis_An34) October 23, 2023
The player option in the deal will allow Giannis to earn more money over the course of his career. The Over-38 rule in the new Collective Bargaining Agreement (CBA) the league and its player signed earlier this year will allow the superstar forward to sign a short-term deal with the Bucks in 2026 and than a four-year one two years later.
Giannis Antetokounmpo has signed a 3-year, $186 million extension with the Milwaukee Bucks.
But you could argue he is worth $2B+ to the Bucks.
Bucks Average Attendance
2013: 13,487
2022: 17,555Bucks Annual Revenue
2013: $110 million
2022: $352 millionBucks Valuation
2013:… pic.twitter.com/RhGSF41jsm— Joe Pompliano (@JoePompliano) October 23, 2023
Last year, Antetokounmpo averaged 31.1 points, 11.8 rebounds, and 5.7 assists. This offseason, the Bucks acquired Damian Lillard in a trade with the Portland Trail Blazers and with this duo are considered as one of the favorites to win the NBA championship.