Antetokounmpo signs three-year $186 million extension with Bucks

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.

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Giannis 43 points not enough for Bucks in Celtic defeat

But you could argue he is worth $2B+ to the Bucks.

Bucks Average Attendance
2013: 13,487
2022: 17,555

Bucks Annual Revenue
2013: $110 million
2022: $352 million

Bucks 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.