Giannis Antetokounmpo Current Contract and Salary Structure
Giannis Antetokounmpo is under contract with the Milwaukee Bucks through the 2025-26 NBA season on a supermax deal that began after he was named MVP in 2019. The agreement is a five-year extension worth up to $228 million, making him one of the highest-paid players in league history based on the salary scale tied to the maximum allowable percentage of the basketball-related income (BRI) cap Forbes.
His current salary for the 2024-25 season is set at approximately $45.6 million, which is calculated as a percentage of the league salary cap, and the deal includes a player option for the final year, typically the 2025-26 season, where his salary could rise further depending on the cap projection and the designated veteran max rules Spotrac.
Projected Giannis Salary 2025 and Earnings Breakdown
If Giannis exercises his player option for the 2025-26 season, his salary is projected to increase to roughly $48.8 million based on the salary-cap percentage formula, though the exact figure depends on the final BRI and the collective bargaining agreement terms Naismith Memorial Basketball Hall of Fame.
The total guaranteed money across the remaining years of his current deal exceeds $200 million, with the base salary for 2025-26 representing one of the largest single-season payouts in the NBA and placing him among the top earners in all of professional sports Basketball-Reference.
Impact of Giannis Salary on Team Finances and Cap Space
The Giannis salary 2025 figure occupies roughly 35 to 40 percent of the Bucks' projected salary cap, which limits their flexibility to add high-cost free agents but still allows room for a supporting roster under the second apron rules.
Milwaukee's front office must balance luxury-tax implications while trying to retain core players, and Giannis's supermax status means any team signing him as a free agent would face a severe luxury-tax penalty, effectively making a trade the more likely path for a roster overhaul NBA.com.