Giannis Antetokounmpo has indicated on social media that he has agreed to a contract extension with the Milwaukee Bucks.
Antetokounmpo issued a social media post on Monday that said, “MILWAUKEEEEEEEEE!! Let’s get it!!!! #BucksInSix #Extended.” The post came as ESPN reported that the two-time MVP had agreed on a three-year extension worth $186 million, with a player option for the 2027-28 season.
Antetokounmpo’s announcement came as Minnesota’s Jaden McDaniels, Washington’s Deni Avdija and Orlando’s Cole Anthony led the first wave of fourth-year players to reach agreements on contract extensions ahead of the NBA’s deadline.
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Antetokounmpo had said this summer that he didn’t plan to sign an extension this year because it would make more financial sense for him to wait until the summer. The two-time MVP also had indicated that he wanted to wait to see how committed the Bucks were toward winning another title before he decided on whether to sign an extension on his contract, which at the time ran through 2024-25 with a player option for 2025-26.
Since then, the Bucks made a blockbuster trade to acquire seven-time all-NBA guard Damian Lillard from the Portland Trail Blazers. Even after that trade, Antetokounmpo had indicated he didn’t expect to sign an extension this year.
“I said that it did not make sense to sign the contract right now because money’s not important — a lot of money is important. So I’m going to sign it next year,” Antetokounmpo said with a laugh during the Bucks’ Media Day event on Oct. 2. “But, no, at the end of the day, again, it doesn’t make sense. It does not make sense for me to sign it right now. I’ve got to always look at what’s best for me and my family, for my situation.
“But at the end of the day, I want to be a Milwaukee Buck for the rest of my career, as long as we are winning. It’s as simple as that.”
The extension starts with the 2025-26 season, meaning Antetokounmpo is under contract for at least four more years — and a fifth if he’s so inclined. He will earn about $94.4 million over the next two seasons, then about $120 million more for the 2025-26 and 2026-27 seasons.
The last year is at his option, meaning he could make roughly $66 million more in 2027-28.
And if Antetokounmpo had waited until next summer to agree to an extension, he possibly may have earned even more money. A max-extension scenario had he waited until 2024 could have been a four-year agreement at a figure exceeding $250 million.
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As far as the extensions involving fourth-year players, agent Bill Duffy confirmed that McDaniels and the Timberwolves agreed on a five-year, $136 million extension. The 28th overall pick in 2020, who came to Minnesota in the same draft as star Anthony Edwards, had a breakout third season with an average of 12.1 points per game on 51.7% shooting.
With three maximum contract players on the roster in Edwards, Karl-Anthony Towns and Rudy Gobert, the Timberwolves have committed themselves to the luxury tax range with their salary cap. But the 6-foot-9 McDaniels is the team’s best defender and one of the league’s best shutdown wings, and the Timberwolves believe he has untapped offensive potential to pair with his defensive ability.
“I feel like, shoot, I can go out and score 25 points every night if I wanted to,” McDaniels said at the beginning of training camp.
The Timberwolves open their season at Toronto on Wednesday. McDaniels currently has a calf injury, putting his status for the game in doubt.
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FAQs
Milwaukee Bucks superstar Giannis Antetokounmpo has reportedly agreed to a three-year, $186 million contract extension with the franchise, according to ESPN's Adrian Wojnarowski, who cites Antetokounmpo's agent, Alex Saratsis. “MILWAUKEEEEEEEEE!!
How did Giannis' dad pass away? ›
Charles died of a heart attack in September 2017 at the age of 54, a few years before Giannis earned NBA MVP Awards in 2019 and 2020 and three of his sons won NBA championships. (Giannis and Thanasis won with the Milwaukee Bucks in 2021 and Kostas won with the Los Angeles Lakers in 2020.) “It's tough.
Did Giannis extend his contract? ›
The 2-time Kia NBA MVP extends his contract with Milwaukee through the 2027-28 season.
How rich is Giannis Antetokounmpo? ›
Giannis Antetokounmpo, also known as the "Greek Freak," has made a significant impact in the NBA. Born in Athens, Greece, he has risen to become one of the most famous players in the league. His estimated net worth in 2024 is between $120 million and $140 million, a testament to his success and popularity.
What is Giannis's new contract with the Milwaukee Bucks? ›
Giannis Antetokounmpo has agreed to a contract extension with the Milwaukee Bucks, the two-time MVP announced himself on Twitter. ESPN's Adrian Wojnarowski went on to report the details: three years for $186 million with a player option for the 2027-28 season.
What does Giannis brother do? ›
Listed at 6 feet and 7 inches, he plays the small forward and power forward positions. He is the older brother of two-time NBA MVP Giannis Antetokounmpo as well as Kostas Antetokounmpo and Alex Antetokounmpo. He won an NBA championship with the Bucks in 2021.
Is Giannis Antetokounmpo a US citizen? ›
He was eventually issued Greek citizenship on May 9, 2013, less than two months before the NBA draft.
Who has the biggest contract in the NBA? ›
1. Celtics SG/SF Jaylen Brown: $304,000,000. NOTE: Brown's extension is the largest contract in NBA history by total value.
Is Giannis underpaid? ›
2022-23 was yet another season in which Milwaukee Bucks star Giannis Antetokounmpo was underpaid, per our Real Value metric, though not as egregiously as in years past. Antetokounmpo earned $42.5 million last season while posting a Real Value of $51.5 million, an underpay of $9.0 million by Milwaukee.
How many years are left on a Giannis contract? ›
Antetokounmpo had three years remaining on his current contract, including a player option in 2025-26. The deadline to sign an extension for three seasons, one of which would replace the player option, was tonight. The new deal will include a player option in 2027-28.
How Giannis Antetokounmpo makes and spends his millions: NBA's 'Greek Freak' and Milwaukee Bucks forward has brand deals with Nike and Breitling, and a collection of Rolex watches and BMW cars.
How much ring does giannis have? ›
Antetokounmpo has won one NBA championship to date with the Milwaukee Bucks. Beating the Phoenix Suns in 6 Games, the Greek Freak led his team to their second historic franchise title.
How much is Steph Curry worth? ›
Curry has a net worth of $160 million, according to Celebrity Net Worth. 4 But he makes millions off the court, too—the NBA champion is a savvy investor and entrepreneur with many lucrative businesses and partnerships to his name.
Who is the highest paid Bucks player? ›
Milwaukee Bucks team salaries 2023-24 season
| PLAYER | 2023-24 | 2024-25 |
|---|
| G. Antetokounmpo | $45,640,084 | $48,787,676 |
| Khris Middleton | $29,320,988 | $31,666,667 |
| Brook Lopez | $25,000,000 | $23,000,000 |
| Bobby Portis | $11,710,818 | $12,578,286 |
17 more rowsIn 2021, Steph Curry signed a four-year contract extension with the Warriors worth a whopping $215.4 million. He reportedly made $48 million of that during the 2022-23 season, which will steadily increase yearly and culminate in a $59.6 million salary for the 2025-26 season.
How much does Giannis get paid a game? ›
Effectively, Giannis' extension translates to an average of a whopping $ 45.6 over the five years, which is around $556,000 per game minute! Moreover, not only is Giannis Antetokounmpo's supermax extension the biggest in NBA history, but he has also become the league's current second-highest earner.
Is Charles Antetokounmpo still alive? ›
What happened to Giannis' older brother? ›
Forward Thanasis Antetokounmpo, the older brother of two-time MVP Giannis Antetokounmpo, is staying with the Milwaukee Bucks. The Bucks announced Friday they have re-signed Antetokounmpo, who will be playing alongside his brother in Milwaukee for a fifth season.
How did Giannis get found? ›
Giannis was discovered on a playground in greece
Spiros Velliniates, a basketball coach of a local team in Athens found Giannis on a playground he frequently visited that was filled with immigrant kids.
