As it turns out, winning a franchise's first NBA title in half a century earns a coach some job security as the Milwaukee Bucks announced a contract extension with head coach Mike Budenholzer on Tuesday night. 

According to ESPN NBA insider Adrian Wojnarowski, the contract extension is for three years, locking Budenholzer in Milwaukee through the 2024-25 season.

"What an incredible journey we’ve been on and winning the NBA Championship this season makes us appreciate how difficult it is to win and how grateful we are to have the best players and coaches in place to get the job done,” said Bucks owners Marc Lasry, Wes Edens and Jamie Dinan, in a release. “Mike’s strong leadership, coaching expertise, commitment to player development, and adaptability have been instrumental as we work together to compete for and win championships. We’re thrilled with the work Bud has done together with Jon Horst and Peter Feigin and are proud to sign him to this extension.”

“The appreciation I have for being a part of the Bucks organization is hard to express,” Budenholzer said, in the release. “And today, to realize that Marc and Wes and Jamie from our ownership group, along with Jon as our GM, have extended my contract to be the head coach is very special – thank you!

“The players make the success happen on and off the court. We have the best players and to them I am grateful. They’ve grown and we’ve grown together during the last three seasons. We’ve had success along the way, finishing with an NBA Championship this season! The assistant coaches’ efforts and contributions to our success has been so vital also. Each of them individually are so important to me, and collectively they make so much good happen for me and our players. We all can’t wait to get back to work and face the great challenge of competing again for an NBA Championship. Again, being a part of the Bucks organization is very special. Let’s keep getting better and building great teams and doing great work on and off the court. Let’s go Bucks!!!”

I'll admit that I wasn't the biggest Coach Bud fan and, as recently as this past playoff run, used to joke that he could win the Finals and still get fired due to his typical reluctance to change schemes and make adjustments during the postseason. So it's only fair that I say that, in the end, Coach Bud earned this extension – and then some. He coached the Bucks to the best combined regular season record over the past three seasons and – most importantly – evolved this past year to focus less on regular season success as well as learned to adjust in the playoffs, in the process guiding the team to its first championship in 50 years. As a one-time doubter, I'm now happy to see him locked in on our sideline for many more years to come. 

Stay tuned to OnMilwaukee for more Bucks updates – and get pumped for the season tip-off, fast-approaching in October. In the meantime, keep celebrating that the Milwaukee Bucks are the current NBA champions.