While there was skepticism around whether the Greek Freak would opt to return to the Milwaukee Bucks after an underwhelming team effort in the bubble, Giannis Antetokounmpo just cashed out, signing a 5-year, $228 supermax extension.
That's the most lucrative deal in NBA history, according to insider Shams Charania. The agreement also includes an opt-out option after the 2024-25 season and gives Giannis $256 million guaranteed across the next six seasons. Talk about big bucks (pun intended).
Giannis posted about his huge decision on social media, writing, "This is my home, this is my city.. I’m blessed to be able to be a part of the Milwaukee Bucks for the next 5 years. Let’s make these years count. The show goes on, let’s get it." Back in 2013, Giannis was drafted 15th overall by Milwaukee.
Only a handful of stars – Stephen Curry, James Harden, Russell Westbrook, John Wall and Damian Lillard – have earned a supermax extension since a collective bargaining agreement between the league and the players union in 2017 made this kind of agreement much more attainable.
Under the new qualification guidelines, players can be paid 35% of the salary cap without having to wait to reach the 10-year mark of their career.
With Giannis riding or dying, Milwaukee will look to maintain its superior position above teams like Philadelphia and Boston in the East while plotting how to exact revenge against Miami. (If they again meet in the playoffs.)
During the offseason, the Bucks added Jrue Holiday from the Pelicans in a trade for guards Eric Bledsoe George Hill, as well as three future first-round picks. They also re-signed Pat Connaughton and introduced DJ Augustin, Bryn Forbes and Bobby Portis to the fold.