Breaking News: Jabari Parker Exercises $537 Million Option for 2016-2017 Season

Milwaukee Bucks Forward Inks New Contract

Estimated Earnings of $537 Million over Two Years

Milwaukee, Wisconsin - October 26, 2015 - The Milwaukee Bucks have confirmed that power forward Jabari Parker has exercised his $537 million option for the 2016-2017 season. The 29-year-old player, initially signed to a two-year, $100.8 million contract in 2014, will now remain with the Bucks through 2017.

Parker, a 2014 draft pick, has made a significant impact on the Bucks' performance. In the 2014-2015 season, he averaged 12.3 points and 5.5 rebounds per game. His agent, Mark Bartelstein of Priority Sports, negotiated the new contract.

The Bucks are excited about the prospect of Parker continuing his career with the team. General Manager John Hammond praised Parker's dedication and talent, stating, "Jabari is a valuable asset to our team. We are confident that he will continue to play at a high level and contribute to our success in the years to come."