Superstar Giannis Antetokounmpo announced on social media the day before the 2023–24 NBA season got underway that he had extended his contract with the Milwaukee Bucks, the team that selected him with the 15th pick in the 2013 Draft. He was going to get an incredible $186 million for three more seasons under the terms of the agreement.
At the beginning of the season, the man dubbed the “Greek Freak” was set to begin the third year of a $228 million, five-season contract he had signed in December 2020, which also included a player option for the 2025–2026 campaign. With the extension, the option’s value increased to $57.6 million from $51.5 million. The salary increase in the final years of the agreement is predicated on the assumption that the salary cap will rise by 10% over the next two seasons.
Giannis, Damian Lillard, and Khris Middleton together account for 65% of the Bucks’ salary cap in 2023–24, according to Spotrac. The others, who make more money than the minimum, are Bobby Portis, Pat Connaughton, MarJon Beauchamp, and Brook Lopez. In Milwaukee, Jae Crowder, Robin Lopez, Cameron Payne, Malik Beasley, and Thanasis Antetokounmpo are among the players receiving the veteran’s minimum salary.
