Giannis Antetokounmpo Reportedly Signing Record-Setting Contract With Bucks

Well, you can stop speculating about Giannis Antetokounmpo’s NBA future.

The two-time NBA MVP has agreed to sign a five-year, $228.2 million supermax contract extension with the Milwaukee Bucks, The Athletic’s Shams Charania reported Tuesday, citing sources. Once completed, the deal will be the largest in NBA history.

Antetokounmpo himself broke the news on Instagram, whereas Charania offered the contract details.

Here’s Antetokounmpo’s announcement:

View this post on Instagram

A post shared by Giannis Ugo Antetokounmpo (@giannis_an34)

And here are the details:

Breaking: Giannis Antetokounmpo says he is signing a contract extension with the Milwaukee Bucks. The two-time MVP will sign a five-year, $228.2 million supermax extension with the franchise, the largest deal in NBA history, sources tell @TheAthleticNBA @Stadium.

— Shams Charania (@ShamsCharania) December 15, 2020

Sources: Deal includes opt-out clause in 2025. https://t.co/sJEkq1J1RY

— Shams Charania (@ShamsCharania) December 15, 2020

Giannis Antetokounmpo is now guaranteed $256M over the next six seasons with the Milwaukee Bucks. https://t.co/sJEkq1J1RY

— Shams Charania (@ShamsCharania) December 15, 2020

Antetokounmpo, 26, was scheduled to become an unrestricted free agent next offseason. He and the Bucks now are poised to be top contenders in the Eastern Conference for the foreseeable future.

Antetokounmpo is coming off a season in which he 29.5 points, 13.6 rebounds and 5.6 assists per game. He is a four-time All-Star as well as a three-time NBA All-Defensive Team selection.