Giannis Antetokounmpo agrees to 3-year extension with Bucks

MILWAUKEE (CBS 58) -- Bucks star forward Giannis Antetokounmpo announced he has agreed on an extension with the Bucks. 

The extension is reportedly for three years, worth up to $186 million. This new deal keeps Antetokounmpo in Milwaukee through 2027, with a player option to in the 2027-28 season.

Lillard is signed through 2026 with his current deal, and a player option in the 2026-27 season.

Antetokounmpo did not have to sign this deal now, he was under contract through 2025 with a player option in 2025-26. He said as much at Bucks Media Day but changed his mind.

"As long as the team's committed (to winning). As long as people want to win, I'm here," said Antetokounmpo, when asked about a contract extension on Bucks Media Day, Oct. 2.

The Milwaukee Bucks made their commitment as an organization known when they traded for seven-time All-NBA guard Damian Lillard, sending guards Jrue Holiday and Grayson Allen elsewhere in the deal.

Lillard is signed through 2027 with his current deal, and extension set to kick in the 2025-26 season.

Antetokounmpo was already on a Hall of Fame trajectory since arriving in Milwaukee in 2013 as the 15th overall pick. He is an NBA Finals MVP, has two MVP awards, a Defensive Player of the Year award, is a seven-time All-NBA selection, a seven-time All-Star, and of course helped the Bucks win their first NBA championship in 50 years.

The Bucks open the season on Thursday, Oct. 26 against the Philadelphia 76ers at 6:30 p.m. inside Fiserv Forum.

“Milwaukee is where I started my career, it’s our home, it’s where we’re raising our family, and it’s where I’m going to continue to work hard every day to make Bucks fans proud,” said Antetokounmpo. “I want to thank Bucks owners Wes, Jamie, Jimmy and Dee for their continuous support of me and my family, and I want to express my appreciation to Jon Horst for being a trusted partner who has been with me since the day I arrived in Milwaukee 10 years ago. To my teammates and coaches, I will always be grateful to you for inspiring me to be my best every day. Together, we are committed to winning and bringing another championship to our city. And to Bucks fans, let’s get it!”
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