According to Adrian Wojnarowski of ESPN, the Milwaukee Bucks and superstar Giannis Antetokounmpo have agreed to a three-year, $186 million deal agreement. A player option for the 2027-28 NBA season is built into the contract.

In the offseason, Antetokounmpo, then age 28, caused a stir by claiming the Bucks needed to make major squad changes in order to get him to sign a contract extension.

Jon Horst, general manager of the Bucks, did it by acquiring Damian Lillard, a star player for the Portland Trail Blazers.

The max deal specifics were reportedly discussed at a meeting between Antetokounmpo’s agent Alex Saratsis of Octagon and the 40-year-old Horst on Sunday in Chicago. The two-time league MVP signed the contract the next morning, well before the 11:59 p.m. ET cutoff period.

More money is available for Giannis Antetokounmpo.Wojnarowski claims that Antetokounmpo will have the opportunity to make more money as his career progresses.Antetokounmpo can re-sign with the Bucks on a short-term basis in 2026 thanks to the Over-38 provision in the CBA and the player option for the 2027-28 season.

In 2028, he will be eligible to sign a new four-year contract with the Bucks. Antetokounmpo is getting ready to play the Philadelphia 76ers on opening night of the NBA season on Thursday.

Giannis Antetokounmpo Signs Large Extension With Milwaukee Bucks

ESPN’s Adrian Wojnarowski reported Monday night on X that Giannis Antetokounmpo and the Milwaukee Bucks had agreed to a three-year, $186 million deal extension.

At least one of Antetokounmpo’s social media accounts appeared to validate the report.

According to the reports, the arrangement will keep the 2021 Finals MVP in Milwaukee until at least 2026. There is a player option for him to stay through the 2027-28 season as well.

At the 2013 NBA Draft, the Bucks picked Greek forward Giannis Antetokounmpo with the 15th overall pick. Later in his career, the “Greek Freak” won many MVP awards and in 2021 he led the Bucks to their first NBA title since 1971.