MILWAUKEE (AP) — Giannis Antetokounmpo has agreed to a supermax extension with the Milwaukee Bucks that takes the two-time reigning MVP off next summer’s free-agent market.
“I’m blessed to be a part of the Milwaukee Bucks for the next five years,” Antetokounmpo posted on Tuesday on his social media platforms.
The Bucks announced later in the day that Antetokounmpo had signed an extension without announcing the terms or length. The 26-year-old Antetokounmpo had until Monday to sign the Bucks’ supermax extension offer. If he turned it down, Antetokounmpo could have become a free agent after the upcoming season.
The Athletic and Stadium reported that he agreed to a five-year extension worth USD228 million that includes an opt-out clause in 2025.
His decision means the Bucks will hang on to their biggest star since Hall of Famer Kareem Abdul-Jabbar, who led Milwaukee to its lone NBA title in 1971, but demanded a trade and was dealt to the Los Angeles Lakers in 1975.