Undoubtedly, this was the outcome the Bucks were hoping for -- keeping the two-time MVP in Milwaukee beyond his potential free agency next summer and avoiding an entire season of speculation about his future.
At the same time, in some ways Giannis' extension is just the beginning of the job for the Bucks' front office, which now must find a way to keep a championship-caliber team around him without going deep into the luxury tax. Where does Milwaukee go from here?
And what about the teams that had planned to make a run at Antetokounmpo in free agency next summer? Let's take a look.