Yahoo Sports’ Adrian Wojnarowski reports that the Bucks and GM John Hammond have reached an agreement on a three-year contract extension this afternoon. This deal would retain Hammond through the 2015-16 season.
Bucks GM John Hammond has agreed to a three-year contract extension, league source tells Y! Sports.
— Adrian Wojnarowski (@WojYahooNBA) January 23, 2013
Ken Berger of CBS Sports is also reporting that Hammond’s three-year deal is worth about $1.8 million per season.
GM John Hammond’s three-year extension with the Bucks is worth about $1.8 million per season, league source says.
— Ken Berger (@KBergCBS) January 23, 2013
Hammond took the Bucks job in April of 2008 after spending 7 years with the Detroit Pistons. He won the 2009-10 NBA Executive of the Year thanks to the Bucks’ surprising 46-36 season and postseason run.
Hammond hinted at his ongoing extension talks with Bucks’ owner Herb Kohl last month, where he announced that the Bucks and coach Scott Skiles had parted ways.
Milwaukee holds a 168-184 overall record with Hammond holding the GM position. Hammond’s original five-year deal was set to expire this offseason, a time that is surely going to be very busy for the franchise. This resigning brings some certainty to a franchise that has a lot of questions surrounding it.