Giannis Antetokounmpo signs four-year, $100 million contract extension with Bucks
The Bucks have a franchise small forward. Or maybe it’s a franchise point guard. Or even someday center!
Most importantly, they have him for a while.
Giannis Antetokounmpo has agreed to a rookie-scale extension with Milwaukee.
Adrian Wojnarowski of Yahoo Sports broke the story, which has since been confirmed by the Bucks (there is a press conference scheduled for Tuesday):
How did Antetokounmpo get less than C.J. McCollum, whose extension is worth $106 million? Debate which player is better, but Antetokounmpo being more than three years younger makes him substantially more valuable.
The Bucks re-upping Antetokounmpo for anything less than the max – projected to be about $106 million, though potentially more, in a four-year deal – is a win for them.
Antetokounmpo will now count next offseason at his 2017-18 salary rather than his far-lower cap hold, which would have been $7,488,552. But Milwaukee’s 2017 cap space would have been largely dependent on Greg Monroe’s player option anyway, and the way things are going, he might opt in. This savings – which could well trump $6 million over the life of the extension once the max is determined – offsets the loss of flexibility next summer (especially if Antetokounmpo didn’t get a player option).
For his part, Antetokounmpo gets security. A guarantee of $100 million is a lot to pass up, even if he should have been relatively confident he could get a few million more. Injury risk is always real.
So should be the jubilation in Milwaukee’s front office.