Mike Budenholzer, Milwaukee Bucks' coach, has signed a multi-year extension to his contract with the team after leading them to their first NBA championship in 50 decades.
Sources told ESPN that the deal was for three years and was announced Tuesday night.
Budenholzer, who was about to enter the last year of his contract, now has a tie with the Bucks for the 2024-25 season. The extension marks the end of three seasons, which include the Eastern Conference finals trip and the championship win over the Phoenix Suns.
Budenholzer stated in a statement that "the appreciation I have for the Bucks organization being part of it is difficult to express." The players are the reason for the success on and off the court. They are the best and I am thankful for them. We've all grown over the past three seasons together.
"We can't wait for the opportunity to compete again for the NBA Championship. Let's continue to improve, build great teams, and do great work off and on the court.
Budenholzer, a two-time NBA coach champion, is currently 31-17 in playoffs as Bucks coach. He won the 2021 NBA championship and was invited to the conference semifinals and finals. In the regular season, he's 172-65 for Bucks coaching.
Jon Horst, general manager of Bucks, stated that Bud is a "great coach" and "a fantastic partner to help us build a team that competes for championships." "We are extremely grateful to Bud for his leadership and look forward building on the success that we have had over the past three years. We congratulate Bud for this well-deserved extension."
Budenholzer was the Hawks' manager in Atlanta for four seasons before he moved to Milwaukee in 2018. His record was 213-197 with the Hawks.