After leading the Milwaukee Bucks to the franchise's first NBA championship in 50 years, coach Mike Budenholzer has agreed to a three-year contract extension, sources told ESPN.

Budenholzer -- who had been entering the final year of his deal -- now ties himself to the Bucks through the 2024-25 season. His extension punctuates three seasons that include a trip to the Eastern Conference finals and the championship victory over the Phoenix Suns in July.

A two-time NBA coach of the year, Budenholzer is 31-17 in the playoffs as Bucks coach, including the 2021 NBA title and trips to the conference finals and semifinals. He's 172-65 as Bucks coach in the regular season.

Before arriving in Milwaukee in 2018, Budenholzer led the Hawks to the playoffs in four of his five seasons in Atlanta. He had a 213-197 record with the Hawks.