Giannis Antetokounmpo won't sign an extension this year / News - Basketnews.com

Giannis Antetokounmpo will not sign an extension with the Milwaukee Bucks until and after the deadline, Oct. 23. He is set to extend his deal next year: "I want to be a Milwaukee Buck for the rest of my career, as long as we are winning."

Credit: Getty Images via AFP-Scanpix Credit Getty Images via AFP-Scanpix

Giannis Antetokounmpo has emphasized that, from a financial standpoint, it doesn't make sense to commit to a contract extension with the Milwaukee Bucks this offseason.

Giannis Antetokounmpo

Position:PFAge:28Height:211 cmWeight:98 kgBirth place:Athens, GreeceProfileNewsStatistics

"Money is not important. A lot of f**king money is important. So I'm gonna sign it next year. It doesn't make sense to sign right now," he underlined at Media Day. "I want to be a Milwaukee Buck for the rest of my career, as long as we are winning. The commitment from the team, for me, is there."

Entering the third season of a five-year, $228 million supermax extension in 2023-24, Giannis holds a player option after the 2024-25 season.

The Bucks currently have the option to extend an offer of three years and $173 million. However, ESPN's Bobby Marks highlights that the extension's actual new money value would only be $117 million. This is due to the replacement of his $51.9 million player option with a salary starting at $52.2 million in 2025-26.

There is a possibility of increasing the extension to $186 million if the salary cap experiences a 10% increase in both 2024-25 and 2025-26. The NBA reportedly sent a memo to teams in late June, projecting the cap increasing 4.4% in 2024-25.

Because Giannis is considered to have two years left on his contract (the player option does not count), the deadline for him to sign an extension is Oct. 23, the last day before the start of the regular season.

Thank you for reading us! Help us even more.