Today at 5pm Central was the deadline for teams to sign eligible players to rookie contract extensions. The Bucks have two such players in Grayson Allen and Donte DiVincenzo, and GM Jon Horst swooped in just before the buzzer to lock the former up:
Milwaukee Bucks guard Grayson Allen has agreed on a two-year, $20 million rookie extension, his agent Mitch Nathan of @CAA_Basketball tells ESPN. Allen arrived with the defending champions in a trade this summer. He was the 21st pick in the 2018 NBA Draft.
— Adrian Wojnarowski (@wojespn) October 18, 2021
Allen was acquired from the Grizzles in early August for Sam Merrill and two future second-round picks in what amounted to a bit of a salary dump.