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Giannis Antetokounmpo commits to Milwaukee Bucks with $186 million contract extension

Posted : 24 October 2023
Milwaukee Bucks' standout Giannis Antetokounmpo has inked a substantial three-year, $186 million contract extension, as confirmed by his agent, Alex Saratsis, on Monday. This significant deal includes a player option for the 2027-2028 season, effectively committing Antetokounmpo, a two-time NBA Most Valuable Player, to the Bucks for the foreseeable future and eliminating the prospect of him entering free agency in 2025.
 
Antetokounmpo, who initially shared news of the extension on his social media platforms, continues to demonstrate his unwavering commitment to the franchise that drafted him from Greece in 2013 as the 15th overall pick. The Bucks' general manager, Jon Horst, made a special trip to Chicago on Sunday to negotiate the finer points of the extension, aligning with the objective of maximizing Antetokounmpo's earnings throughout his career. The deadline for signing the extension was set at 11:59 p.m. ET on Monday.
 
Intriguingly, due to the Over-38 rule within the CBA, Antetokounmpo retains the option to sign another short-term deal with the Bucks in 2026, followed by a potential four-year extension in 2028. As he solidifies his place among the NBA's all-time greats, Antetokounmpo's illustrious career includes a 2021 NBA championship, Finals MVP accolade, and two NBA Most Valuable Player awards.
 
His exceptional achievements on the court, including a career-high 31.1 points per game last season, position him alongside basketball legends Michael Jordan and Hakeem Olajuwon as one of only three players in history to hold MVP, Finals MVP, and Defensive Player of the Year honors.
 
The Bucks are gearing up for their season opener, where they will face the Philadelphia 76ers on Thursday.

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