What is Giannis Antetokounmpo's net worth? 'Greek Freak' signs record $228.2M deal with Milwaukee Bucks
The decision is made. Giannis Antetokounmpo is officially a Milwaukee Buck for the next five years as the 'Greek Freak' signed a whopping $228.2M supermax, including an opt-out after the fourth year. According to BBC, this is now the richest deal in the NBA's history after it surpassed $228M set by Houston Rockets' James Harden in 2017. This just skyrockets Giannis' net worth that's estimated to be around $60M, according to celebrity net worth.
Giannis is listed as the 18th highest-paid athlete of 2020. He roughly makes around $47.6M, a major chunk of which comes from his brand endorsements. His average annual salary also surpasses Washington Wizards guard Russell Westbrook, who signed a five-year deal worth $206.8M with his former side, Oklahoma City Thunder, the equivalent of $41.4M per year.
ESPN's Bobby Marks breaks down his salary cap that just rises by the year. It touches $42.5M in 2022-23 and $45.6M in 2023-24. In his fourth year, he will see his earnings touch $48.8M, and should he decide to stick around to play the fifth year, he will cross the $50M barrier by raking in $51.9M in 2025-26.
The news of his extension was confirmed when he tweeted: "This is my home, this is my city...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."
This is my home, this is my city.. 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. 🤎🙏🏽 pic.twitter.com/895tCBE9RK
— Giannis Ugo Antetokounmpo (@Giannis_An34) December 15, 2020
In a statement that was released soon after he inked the deal, he thanked the Bucks for believing in him. "This is a big moment for me and my family and I want to thank the Bucks organization for believing in us," Giannis said in a statement on Tuesday, December 15, after the signing was official. "You took a chance on us eight years ago and now putting my signature on a contract like this is unreal."
According to ESPN's stats, Giannis heads into this season as the third player in NBA history with an MVP and Defensive Player of the Year title. He joins GOATs Michael Jordan and Hakeem Olajuwon. He also averaged 29.5 career-high average points and 13.6 rebounds along with 5.6 assists per game.
The NBA season will start on December 22, 2020. Giannis and his Bucks will play their first game against the Boston Celtics on December 24.