Mike Budenholzer has signed a new multi-year contract extension to remain head coach of 2021 NBA champions the Milwaukee Bucks.

The Bucks announced the deal on Tuesday, with ESPN reporting Budenholzer has committed to a new three-year extension.

The 52-year-old joined the Bucks in 2018 from the Atlanta Hawks and guided the franchise to their first NBA title in 50 years in his third season in charge.

"Bud is a great coach and a fantastic partner to work with every day as we build a team that consistently competes for championships," Bucks general manager Jon Horst said.

"We’re extremely grateful for the leadership Bud provides and we look forward to building on the success we’ve had over the last three years and congratulate Bud on this well-deserved extension."

Under Budenholzer's guidance, the Bucks have topped the NBA in scoring in each of the past three seasons, led by Giannis Antetokounmpo.

Milwaukee averaged a league-high 120.1 points per game, which is also a franchise-best, in the 2020-21 season.

"The appreciation I have for being a part of the Bucks organization is hard to express," Budenholzer said.

"The players make the success happen on and off the court. We have the best players and to them I am grateful. They’ve grown and we’ve grown together during the last three seasons.

"We’ve had success along the way, finishing with an NBA Championship this season!

"We all can’t wait to get back to work and face the great challenge of competing again for an NBA Championship... Let’s keep getting better and building great teams and doing great work on and off the court."

Budenholzer won the NBA Coach of the Year in his first season at Bucks in 2018-19, before being one of three finalists for the award in 2019-20. He also won the award in 2015 at the Hawks.