The Milwaukee Bucks just turned family into franchise strategy. The team signed Alex Antetokounmpo to a two-way contract, reuniting him with brothers Giannis and Thanasis and becoming the first NBA team in history to have three brothers under contract on the same roster.

Alex’s deal is a two-way contract, which means he’ll split time between the Bucks and their G League system while remaining available to the NBA club.

It’s a historic first for the league with three siblings sharing a single team, and it’s also a savvy roster play for Milwaukee. Two-way contracts give teams low-risk ways to add depth, culture, and upside. For Giannis, who has been the franchise cornerstone for more than a decade, adding another Antetokounmpo to the locker room reinforces family ties and chemistry that are tough to measure but often priceless.

Alex is the youngest of the Antetokounmpo brothers. He’s been grinding in the G League and overseas since 2021, with stops that include the Raptors 905 and the Wisconsin Herd, the Bucks’ G League affiliate, and a recent spell in Greece. In 65 G League games, Alex averaged roughly 5.0 points and 2.6 rebounds in 18.7 minutes, stats that don’t scream star but speak to a role player with positional size, defensive potential, and the family DNA coaches covet.

The Antetokounmpo family story is one of the most beloved in modern sports: from the streets of Athens to NBA stardom. Giannis, the two-time MVP and 2021 NBA champion, has been the face of the franchise since his rise. Thanasis, a key locker-room character and two-time champion with Milwaukee, has long been a fan favorite for his hustle and energy. Alex joins them now, continuing a family arc that already includes another brother, Kostas, who had earlier NBA stints.

Realistically, Alex’s path will likely begin in the G League with occasional NBA call-ups. Two-way players often need time to adjust to NBA speed and roles; but this environment is familiar  he’s already spent time in the Herd, and the Bucks know his profile. If he shows growth on defense, positional versatility, or a reliable perimeter touch, he could carve a longer NBA career. And beyond the stat sheet, expect moments that matter: mentor-mentee vibes, family narratives, and easy marketing storylines for a franchise that values identity and continuity.

The optics are huge: for the NBA, a league that loves firsts, this is a headline that will travel. For Milwaukee fans, it’s a homecoming and a family chapter in a franchise that has built so much around Giannis’ greatness. For Alex, it’s another shot at minutes, at development, and at the rare chance to play alongside his brothers at the highest level.