Giannis Antetokounmpo Agrees to Three-Year Extension

Milwaukee Bucks' forward Giannis Antetokounmpo
Milwaukee Bucks' forward Giannis Antetokounmpo in 2018. Photo by Jevone Moore/Cal Sport Media/CSM/REX/Shutterstock (9485611ac)

The Milwaukee Bucks star Giannis Antetokounmpo has agreed to a $186 million, three-year extension with the team, his agent, Alex Saratsis, confirmed late on Monday. The deal comes with an option for the 2027-28 NBA season. This will see the two-time NBA Most Valuable Player remain with the Bucks through the contract of guard Damian Lillard while preventing him from entering free agency in 2025.

The Bucks’ general manager Jon Horst traveled to Chicago on Sunday to meet with Saratsis so that the pair could work on a deal that would maximize Antetokounmpo’s earnings throughout the next three years. Because of the Over 38 rule in the CBA, the player will be able to sign another short-term deal with the Bucks in 2026 and another four-year extension in 2028.

Having been drafted out of Greece in 2013 by the Bucks, Antetokounmpo is doubling down on his loyalty to the franchise. With the 2021 NBA Championship and two league MVPs under his belt, the Greek national is on his way to becoming one of the greatest NBA players of all time.

After obtaining a BCom degree, Mathew got his start in data analytics. He then shifted his focus to online content, where he discovered his true passion. Today, Mathew expresses his love for all things content through his business, Mathew Cohen Media Consulting.