Alex Saratsis Rumors
Octagon, the global leader in sports marketing and talent management, announced today that Alex Saratsis has been promoted to Co-Managing Director of Octagon Basketball. Saratsis joins Managing Director, Jeff Austin, in leadership of Octagon’s basketball division, and management of the agency’s NBA, WNBA, and global basketball client roster.
“One day, he’s in 1,000 percent. The next day, he’s asking more questions.” That, according to one source with knowledge, describes the ebbs and flows that led to Giannis Antetokounmpo deciding on Tuesday to sign a five-year, $228.2 million supermax contract extension with the Milwaukee Bucks with an opt-out clause in 2025 and 15 percent trade kicker, sources say. The process leading to the decision, according to sources who spoke to The Athletic, consisted of an array of meetings, a hilarious birthday ploy by his teammates to get him to put “pen” to paper, conversations about the Bucks’ commitment to roster building after an offseason in which they landed Holiday and tons of trust by the two-time league MVP in his agent, Alex Saratsis.
As talks continued in a positive direction, Bucks general manager Jon Horst met with Antetokounmpo’s agents, Saratsis and Giorgos Panou of Octagon, on Monday and the sides worked through details on the deal, sources said. Giannis is now guaranteed $256 million over the next six seasons.
While that was a critical meeting in the process, it was not the only one that took place to get the deal done. After spending most of his limited offseason in Greece, Antetokounmpo flew back to Milwaukee on Nov. 29. A few days after landing stateside, the superstar forward met with Saratsis to discuss the supermax extension and figure out how they wanted to proceed. On Dec. 5, Lasry and Edens joined Antetokounmpo and Saratsis at the superstar’s River Hills home for their first in-person discussion about the long-term contract. That is when the Bucks formally presented Antetokounmpo with the five-year, $228.2 million contract, sources said.
Adrian Wojnarowski: As @Giannis Antetokounmpo tweeted, he is signing his extension with the Bucks. His agent, Alex Saratsis, tells ESPN it will be for the full five-year, $228M super max, including an opt-out after the fourth year.