MILWAUKEE — It looks like Milwaukee Bucks' star Giannis Antetokounmpo isn't going anywhere anytime soon.

Antetokounmpo announced Monday on X, the social media site formerly known as Twitter, he is extending his contract with the Bucks.

“Milwaukee is where I started my career, it’s our home, it’s where we’re raising our family, and it’s where I’m going to continue to work hard every day to make Bucks fans proud,” said Giannis. “I want to thank Bucks owners Wes, Jamie, Jimmy and Dee for their continuous support of me and my family, and I want to express my appreciation to Jon Horst for being a trusted partner who has been with me since the day I arrived in Milwaukee 10 years ago. To my teammates and coaches, I will always be grateful to you for inspiring me to be my best every day. Together, we are committed to winning and bringing another championship to our city. And to Bucks fans, let’s get it.”

Antetokounmpo's announcement came as Minnesota’s Jaden McDaniels, Washington’s Deni Avdija and Orlando’s Cole Anthony led the first wave of fourth-year players to reach agreements on contract extensions ahead of the NBA’s deadline.

Antetokounmpo had said this summer that he didn’t plan to sign an extension this year because it would make more financial sense for him to wait until the summer. The two-time MVP also had indicated that he wanted to wait to see how committed the Bucks were toward winning another title before he decided on whether to sign an extension on his contract, which at the time ran through 2024-25 with a player option for 2025-26.

Since then, the Bucks made a blockbuster trade to acquire seven-time all-NBA guard Damian Lillard from the Portland Trail Blazers. Even after that trade, Antetokounmpo had indicated he didn’t expect to sign an extension this year.

“I said that it did not make sense to sign the contract right now because money’s not important — a lot of money is important. So I’m going to sign it next year,” Antetokounmpo said with a laugh during the Bucks’ Media Day event on Oct. 2. “But, no, at the end of the day, again, it doesn’t make sense. It does not make sense for me to sign it right now. I’ve got to always look at what’s best for me and my family, for my situation.

“But at the end of the day, I want to be a Milwaukee Buck for the rest of my career, as long as we are winning. It’s as simple as that.”

ESPN's Adrian Wojnarowski reported Giannis has agreed to a three-year, $186 million contract extension. ESPN said the deal includes a player option for the 2027-2028 season. The player option would give him a chance to earn more money during his career, too. 

Wojnarowski said Bucks General Manager Jon Horst and Alex Saratsis, Giannis' agent, met in Chicago on Sunday to work out the extension details. He said Giannis finalized the agreement Monday. Giannis had an 11:59 p.m. EST Monday deadline. 

“Giannis embodies greatness through his unmatched work-ethic, character, leadership and relentless desire to be the best, and we are beyond thrilled to have the opportunity to continue to win with him and his family,” said Horst. “He’s an incredible player and person who gives so much to our community and our fans. It’s important to recognize Wes, Jamie, Jimmy and Dee for their unwavering and ongoing support and investment in championship basketball in Milwaukee. This is a historic occasion for the Bucks, our city and our great fans.”

Wojnarowski said because of the over-38 rule in the collective bargaining agreement, Giannis could sign a short-term deal with the Bucks in 2026, and a four-year extension with the team in 2028. 

If Antetokounmpo had waited until next summer to agree to an extension, he possibly may have secured earned even more money. A max-extension scenario had he waited until 2024 could have been a four-year agreement at a figure exceeding $250 million.