The Bucks and GM John Hammond have agreed to a one-year contract extension, Adrian Wojnarowski of The Vertical reports (Twitter links). The extension will run through the 2017/18 campaign, notes Wojnarowski. The dollar value of the arrangement is not yet known.
Milwaukee hired Justin Zanik as GM-in-waiting earlier this month and this extension will allow Hammond to work alongside the new executive and smooth the transition, Wojnarowski writes. Hammond will remain with the organization as a consultant after he steps down as GM, the scribe adds. The Bucks recently signed coach Jason Kidd to a three-year, $16.5MM extension of his own.
Hammond has been GM of the Bucks since 2008 and the franchise has gone 273-367 under his watch in the regular season and 5-12 in the postseason. During his tenure he won the 2009/10 Executive of the Year award, which was the only season under Hammond that the team has finished the year over .500.