Thon Maker: Congrats bro!!! @Giannis Antetokounmpo #WellDeserved #ownthefuture
More on Giannis Antetokounmpo Extension
The Milwaukee Bucks have reached an agreement with Giannis Antetokounmpo on a contract extension, General Manager John Hammond announced today. The contract will be finalized tomorrow afternoon at a press conference to be held at the recently-launched Wisconsin Entertainment and Sports Center (WESC) Preview Center.
Brian Windhorst: Bucks 4-year, $100 million extension with Giannis Antetokounmpo is for less than the max & there are no options, sources said.
Adrian Wojnarowski: Milwaukee Bucks forward Giannis Antetokounmpo has agreed on a four-year, $100M contract extension, league sources tell @The Vertical.
Q: You're eligible for a contract extension coming up. What are you expecting? By October, you could sign an extension with the Bucks. Giannis Antetokounmpo: "Hopefully. That was what everyone's been working for, for them to extend me. Hopefully, I stay here 20 years and I get my Greek Freak Day like Kobe [Bryant]."
Antetokounmpo will earn $3 million next season in the fourth and final year of his rookie contract, but it's no secret that he'll be in line for a massive raise in the 17/18 season. The Bucks can offer him an extension of up to five years starting in July, and based on this week's revised 17/18 cap projection of $107 million, Giannis could earn a first year max salary of up to $25 million. With max raises of 7.5% of the first year salary, a five-year deal from the Bucks could be worth approximately $144 million, thus locking in the Bucks' young star as early as July. Otherwise Giannis would become a restricted free agent in the summer of 2017, where the Bucks would have matching rights and other teams could offer up to four years, 4.5% raises and a total package of around $107 million.
