Per Adrian Wojnarowski of ESPN, Antetokounmpo and the Bucks have agreed to a three-year, $186 million contract extension — and a year earlier than expected, to boot.
Antetokounmpo first revealed the news on social media. Per Wojnarowski, the max contract extension includes a player option for the 2027-28 season and was negotiated by Milwaukee GM Jon Horst and agent Alex Saratsis on Sunday in Chicago.
— Giannis Antetokounmpo (@Giannis_An34) October 23, 2023
Also, this sets it up so that Antetokounmpo can sign another short-term option with the Bucks in 2026, and yet another four-year deal with the Bucks in 2028. In other words, the two-time NBA MVP is very clearly committed to Milwaukee.
Antetokounmpo, 28, averaged career highs of 31.1 points and 11.8 rebounds in 63 games last season, but the Bucks were bounced by the Heat in the first round of the playoffs.
They made two major moves in the offseason — replacing former coach Mike Budenholzer with Adrian Griffin, the making the trade with the Trail Blazers for Lillard. Now, they may have made their biggest move yet, securing their superstar for at least another three seasons.
Soooo, things with Dame seem to be going well. Giannis announces he’s signed a three-year, $186 million extension a year earlier than expected. https://t.co/xvAvAryDIr
— Rachel Nichols (@Rachel__Nichols) October 23, 2023