The Milwaukee Bucks and guard Eric Bledsoe have agreed on a contract extension, according to Adrian Wojnarowski of ESPN.

Guard Eric Bledsoe has agreed to a four-year, $70M extension with the Milwaukee Bucks, league sources tell ESPN.

Bledsoe, 29, is having his best NBA season with Bucks and was determined to stay with franchise. He could've gone into free agency this summer, but his deal starts to set the market for free agent guards in July. Deal gives Bucks chance to focus on Khris Middleton in July FA now.

In 60 games this season, Bledsoe is averaging 15.7 points, 4.6 rebounds and 5,5 assists for the Bucks, who currently own the best record in the league. The nine-year veteran has fit well with the team, becoming the third option on offense behind All-Star teammates Giannis Antetokounmpo and Khris Middleton.

This move allows the Bucks to solely focus on Middleton's looming free agency. It is unlikely that he will leave Milwaukee, which means that the team will have a pretty solid core to build around in the foreseeable future.

Bledsoe's comes at the heels of the team's plan to sign Pau Gasol, who has just been bought out by the San Antonio Spurs. These two will surely strengthen the chances of Milwaukee contending for the championship this year.

It is clear Eric Bledsoe ‘wants to be there' in Milwaukee.