Milwaukee Bucks wing Pat Connaughton formally picked up his player option for the 2025-26 season worth $9.4 million on June 21, three days before the deadline to do so. It is the final year of a 3-year, $28.5 million extension he signed in the summer of 2022. He picked up a player option in advance of that extension.

Read the breaking news story from the ESPN contributor Shams Charania

The Milwaukee Bucks might look a lot different when the 2025-26 season tips off. Rumors have swirled around this team for the past few years, and they have intensified this summer after another disappointing first-round exit in this year's playoffs, their third in a row.