JULY 18: Connaughton’s extension is now official, according to NBA.com’s transactions log.
The deal has matching annual cap hits of $9,423,869, for a three-year total of $28,271,607, Hoops Rumors has learned. As noted below, the final year is a player option.
The extension will be worth $28.5MM and includes a player option, according to ESPN’s Adrian Wojnarowski, who tweets that the two sides have reached an agreement.
Last month, Connaughton chose to put off free agency by opting in to the last year of his current contract. He’ll make $5,728,393 next season.
His option decision was somewhat surprising at the time but an extension was apparently already in the works. He was eligible to sign a contract extension for up to four years and approximately $58MM after opting in, so Milwaukee managed to secure his services for a lesser amount.
Connaughton, 29, had the best season of his seven-year career in 2021/22, averaging 9.9 points, 4.2 rebounds, and 1.3 assists per game in 65 appearances (26.0 MPG). He also established new career highs in three-pointers per game (2.2) while knocking them down at a 39.5% clip.