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Bucks sign Grayson Allen to two-year, $20M contract extension

Bucks guard Grayson Allen

MILWAUKEE, WI - OCTOBER 3: Grayson Allen #7 of the Milwaukee Bucks waves to the fans during an open practice on October 3, 2021 at Fiserv Forum in Milwaukee, Wisconsin. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2021 NBAE (Photo by Gary Dineen/NBAE via Getty Images).

NBAE via Getty Images

Acquired by the Bucks in a trade this summer, Grayson Allen looked like a fill-in at shooting guard while Donte DiVincenzo is sidelined.

But Allen will mean more to Milwaukee than that.

Adrian Wojnarowski of ESPN:

That’s a surprisingly large extension for Allen. The Grizzlies just dealt him for only Sam Merrill and a couple distant second-rounders. Allen wasn’t exactly in demand.

The Bucks already have significant salary committed the next two seasons, and we saw their spending limitations this offseason. DiVincenzo will be a free agent (likely restricted) next summer. Will Milwaukee pay him, too? Before getting hurt, DiVincenzo was the significantly better player.

Allen should help the Bucks this season. The 26-year-old is a good 3-point shooter with the size and athleticism to contribute in other facets.

But this extension looks too costly in a vacuum and raises specific questions for Milwaukee given its payroll.