The Bucks have called a 1pm press conference to announced center Andrew Bogut's five year contract extension.

The deal reportedly includes $60 million dollars in guaranteed money and could reach $72.5 million dollars with incentives. Bogut was the 1st overall pick in the 2005 NBA Draft and told Milwaukee that he wanted to get a deal done before the Olympics began.  He was entering the final year of his first rookie contract.

The Bucks begin play in the Las Vegas Summer League this weekend..  Milwaukee will play five games in Vegas, starting with a matchup against the Memphis Grizzlies on Saturday night.

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