First reported by Shams Charania of The Athletic and Stadium, back-to-back NBA MVP Giannis Antetokounmpo is signing the largest deal in league history to remain in Milwaukee with the Bucks.
The 26-year-old has agreed to a five-year, $228 million supermax extension with the Bucks and is now guaranteed $256 million over the next six seasons from Milwaukee.
The deal does include an opt-out after the fourth year, according to ESPN.
Had Antetokounmpo and Milwaukee not been able to agree to terms on an extension, he would have been an unrestricted free agent next summer and been one of the most-coveted players to ever hit free agency.
Antetokounmpo acknowledged the deal with a post to his Twitter account.
The reigning Defensive Player of the Year, Antetokounmpo averaged career highs in points (29.5) and rebounds (13.6) to go along with 5.6 assists per game and a 31.9 player efficiency rating last season.
Antetokounmpo, Kareem Abdul-Jabbar and LeBron James are the only players in league history to win multiple NBA MVP awards by age 25.
“I’ve been encouraged my whole career in Milwaukee,” Antetokounmpo said after winning his second MVP. “I know that we’ve gotten better each year and I know that Milwaukee has great people that view every year the same I do every year, which is to play well, improve and win it all.”