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Bucks Star Giannis Antetokounmpo signs 3-years extension worth $186M

Milwaukee Bucks star Giannis Antetokounmpo has agreed on a three-year, $186 million contract extension with the team, announced on his social media accounts. The extension includes a player option for the 2027-2028 season. The deal will run through the duration of guard Damian Lillard’s contract and ends the possibility of him entering free agency in 2025. Bucks acquired Damian Lillard in a 3-team blockbuster trade this summer.

In a recent interview published on NY Times, Giannis said that we won’t sign any extension until he knows that the Bucks can continue to contend for a championship. This may have prompted the team to trade for Damian Lillard. Bucks as in a similar situation in 2020, where he signed a five-year, $228 million supermax extension, after the Bucks acquired Jrue Holiday from Pelicans. That same season, the Bucks became the NBA Champion, Giannis was named Finals MVP, after being awarded the regular season MVP and the Defensive Player of the Year award. Only two other player have ever won all 3 awards in the same season; Michael Jordan and Hakeem Olajuwon.