Mike Budenholzer is getting paid. The Milwaukee Bucks have decided to reward their head coach after leading the franchise to their first NBA title in 50 years, handing Budenholzer a multi-year contract extension, the team announced on Tuesday.
After leading the Milwaukee Bucks to the franchise’s first NBA championship in 50 years, coach Mike Budenholzer has agreed on a three-year contract extension, sources tell ESPN.
— Adrian Wojnarowski (@wojespn) August 25, 2021
According to ESPN's Adrian Wojnarowski, the deal that Budenholzer signed will add three more years to his current contract, meaning the Milwaukee Bucks will have him as their head coach until the 2024-25 season.
Budenholzer grateful for the new deal
Budenholzer was delighted with his new deal, saying that he appreciates being part of the Bucks organization and that it is a special feeling that the ownership group decided to extend his contract as the team's head coach.
The Bucks's top brass released several statements on Tuesday, praising the job Budenholzer has done in molding the team into a championship franchise. Bucks owners Marc Lasry, Wes Edens, and Jamie Dinan said that winning the NBA championship this season made them appreciate how difficult it is to win a title and that they are "grateful to have the best players and coaches in place to get the job done."
They singled out Budenholzer for praise later, saying that his strong leadership, coaching expertise, commitment to player development, and adaptability have been instrumental in them working together and winning championships.
Bucks general manager Jon Horst also paid tribute to Budenholzer in a separate statement, saying he is "a great coach and a fantastic partner to work with every day as they build a team that consistently competes for NBA championships." Horst congratulated Budenholzer on his well-deserved extension, saying that they are looking forward to him and the Bucks building on their recent success in the coming years.
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Budenholzer a vital cog in Bucks' championship win
Budenholzer has become one of the top coaches in the NBA since joining the Milwaukee Bucks in 2018. In his first season with Milwaukee, he won the 2018-19 NBA Coach of the Year award and was named one of three finalists for that same recognition the following season.
The Bucks have flourished in the three seasons that Coach Bud has spent with the club, grabbing the league's best regular season record (162-65, .714) and the most playoff wins in the NBA (31) during that stretch, and of course, winning this year's much-awaited championship.
Budenholzer has helped transform the Bucks into an offensive juggernaut, with Milwaukee leading the league in scoring in each of the last three seasons. The Bucks' offense soared to new heights this past season as they averaged a franchise-best 120.1 points per game.
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