Giannis Antetokounmpo Inks $62 Million-Per-Year Extension

The Milwaukee Bucks have agreed to a three-year, $186 million contract extension with superstar forward Giannis Antetokounmpo, ESPN’s Adrian Wojnarowski reported on Monday night.

The Bucks are now on the books to pay two contracts that will be worth more than $60 million per year. When current teammate Damian Lillard was still with the Portland Trail Blazers he signed a two-year, $122 million extension that projects to make him the highest-salaried player in NBA history in the 2026-27 season.

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.

The extension comes less than one month after Milwaukee landed Lillard in a blockbuster trade. The Greek Freak stated over the summer that he wanted to remain a Buck for the rest of his career but held off on getting a deal done, wanting the organization to show that it was “committed to winning” and saying an extension didn’t make financial sense for him.

In 10 years since being drafted 15th overall by the Bucks, the 28-year-old had already earned $188.8 million, which pales in comparison to the $460.4 million he’ll have racked up by the time this extension expires, per Spotrac. That number places him fifth all-time in total guaranteed career earnings. LeBron James’ total of $530.9 million is first on the list.

Antetokounmpo is one of only 17 players in league history with at least three MVP and Finals MVP trophies combined. He led the Bucks to a championship in 2021, punctuated by a 50-point, 14-rebound performance in Game 6 of the NBA Finals to close out the series.

“MILWAUKEEEEEEEEE!! Let’s get it!!!! #BucksInSix #Extended,” Antetokounmpo tweeted to announce the news.