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Suns hire Budenholzer on reported 5-year, $50M deal

Dylan Buell / Getty Images Sport / Getty

The Phoenix Suns have hired Mike Budenholzer to be the franchise's next head coach, they announced on Saturday.

The deal is for five years and worth at least $50 million, sources told The Athletic's Shams Charania.

The two-time Coach of the Year replaces Frank Vogel, who was let go after just one season.

"We're excited to name Mike as the head coach of the Phoenix Suns and bring him back to his home state of Arizona," said team owner Mat Ishbia. "Mike has proven himself to be among the most successful head coaches in the NBA."

Budenholzer will be the Suns' third head coach in as many years. He has a 484-317 career mark over two stints as the lead man on an NBA bench.

The 54-year-old guided the Milwaukee Bucks to an NBA championship three years ago. He's posted five 50-win campaigns, including a pair of 60-victory seasons.

"I'm grateful to have a talented roster of players who are ready to compete and play a style of basketball that will bring out the best in all of them, and bring them together as we compete for championships," said Budenholzer.

Before landing his first NBA head coaching gig with the Atlanta Hawks, the Arizona native spent 17 years as an assistant under Hall of Fame coach Gregg Popovich.

The Suns were swept by the Minnesota Timberwolves in the opening round of the playoffs.

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