Bucks GM Jon Horst In Line For Extension, Raise?

Having been named the Bucks‘ new general manager in June 2017, Jon Horst now just has one year left on the three-year deal he received at that time, per Gery Woelfel of Woelfel’s Press Box. According to Woelfel, “word is circulating” around the league that Horst will seek a raise on a contract extension this offseason.

After building a roster that won 60 games and made the Eastern Conference Finals this season, Horst is certainly deserving of an extension, and sources tell Woelfel that Bucks ownership is amenable to working out a new agreement. However, it remains to be seen what Horst’s salary would look like on such an extension.

According to Woelfel, Horst has been the NBA’s lowest-paid GM over the last couple years, with several league officials suggesting that his annual salary is in the $500K range (that figure was also reported by ESPN shortly after Horst’s promotion). The NBA’s highest-paid executives earn salaries in the neighborhood of $8-10MM per year, Woelfel notes.

While Horst’s next deal should certainly be more lucrative than his current one, the Bucks’ ownership group is probably unlikely to make an offer that puts the young GM among the highest-paid execs in the league.

“If you asked me what would be a fair deal for him, I’d say around $3MM (per year),” one NBA executive told Woelfel. “That’s about the average salary for a GM and I think he’s regarded as an average GM. But knowing (the Bucks’ owners), I don’t think he’s going to get even that.”

While the Bucks’ owners may not have a reputation as huge spenders, co-owner Marc Lasry has stated the team intends to do everything it can to win and will attempt to keep all its core players this offseason. I expect the club will pay what it takes to get Horst locked up for the next few years.