Two-time reigning NBA MVP Giannis Antetokounmpo says he’s staying with the Milwaukee Bucks – on a mammoth five-year, $228.2 million ($301.8m) supermax extension.
Although Antetokounmpo didn’t announce the terms of his new contract, his agent Alex Saratsis did and, it includes an opt-out after the fourth year.
“This is my home, this is my city,” he posted on Wednesday on his social media platforms.
“I’m blessed to be able to be a part of the Milwaukee Bucks for the next 5 years.
“Let’s make these years count. The show goes on, let’s get it.”
The 26-year-old Antetokounmpo had until Monday to sign the Bucks’ supermax extension offer.
If he turned it down, Antetokounmpo could have become a free agent at the end of the upcoming season.
The Bucks paid a hefty price to revamp their roster this off-season in an attempt to persuade Antetokounmpo to stay in Milwaukee.
They dealt away guards Eric Bledsoe and George Hill, first-round draft pick R.J. Hampton and two more first-round selections as part of a package to acquire Jrue Holiday in a four-team trade.
They also overhauled their bench by adding Bobby Portis, D.J. Augustin, Torrey Craig and Bryn Forbes.
Antetokounmpo called those moves “amazing” without indicating whether he planned to sign the extension.
Despite that regular-season success, Milwaukee are yet to reach the NBA Finals with Antetokounmpo.
The Bucks lost a second-round series in five games to Miami last season after dropping four straight games to blow a 2-0 lead over Toronto in the 2019 Eastern Conference finals.
Milwaukee selected Antetokounmpo out of Greece with the 15th overall pick in the 2013 draft.
The 6-foot-11 “Greek Freak” has career averages of 20.1 points, 8.9 rebounds and 4.3 assists per game.
Last season, he averaged 29.5 points, 13.6 rebounds and 5.6 assists while winning his second straight MVP award.
He also was named the NBA’s defensive player of the year.