Unless you've been sleeping under a rock, you would have heard that Giannis Antetokounmpo will be signing a $228 million extension with the Milwaukee Bucks. Giannis’ supermax extension is worth a total of $228 million over five years, making it the largest NBA contract in the league’s history.
The decision has been touted to have a massive impact on the future of the Milwaukee Bucks. The franchise will now be looking to build a championship-winning team around the Greek Freak. In this article, we look at Giannis Antetokounmpo’s NBA contract along with the overall salary breakdown.
Biggest NBA contract: Giannis Antetokounmpo’s mammoth salary and contract extension details
Two-time MVP winner Giannis Antetokounmpo will earn a total of $255.6 million over the next six years. This includes the $27.5 million that he will earn during the 2020-21 NBA season before his supermax extension kicks in. Giannis Antetokounmpo also has a player option to extend the deal for the fifth year.
According to ESPN Front Office Insider Bobby Marks, the supermax extension is the biggest in NBA history, with some major recent contract extensions also included in the 'top 5'. This includes Russel Westbrook’s supermax extension which he signed with the Oklahoma City Thunder back in 2017. Steph Curry’s $201 million extension that he signed with the Warriors in the same year, makes the list as well.
Effectively, Giannis' extension translates to an average of a whopping $ 45.6 over the five years, which is around $556,000 per game minute!
Moreover, not only is Giannis Antetokounmpo’s supermax extension the biggest in NBA history, but he has also become the league's current second-highest earner. Damian Lillard’s 2019 extension with the Portland Trailblazers took his earnings over six years to a whopping $257 million. Giannis Antetokounmpo on the other hand is second on the list, as he will earn $255.6 million over the course of six years.
In addition to the $27.5 million he is set to earn before the supermax extension kicks in, Giannis Antetokounmpo will earn around $39.3 million in 2021-22. His yearly salary will progressively increase until the 2025-26 NBA season when it will be around $51.9 million. This is assuming Giannis Antetokounmpo will choose to stay for the final year of his supermax contract as well.
While Giannis Antetokounmpo’s decision to sign the supermax has much to do with the fact that he feels at home with the Milwaukee Bucks, the money must have had a say as well. Paul Pierce recently joked that Giannis now has 228 million reasons to stay in Milwaukee.
While there is a lot of work to be done in order to become championship contenders, Giannis will be looking forward to the start of the new NBA season.
Giannis Antetokounmpo is on his way to becoming the highest overall earner in NBA history. His supermax extension has taken him to 6th on the list with $335 million in total earnings so far. The current highest earner is LeBron James, and Antetokounmpo finds himself in a good position to break his record.