The Milwaukee Bucks officially named Mike Budenholzer as the team's new head coach Thursday.
Budenholzer and the Bucks reportedly agreed in principle to a four-year contract on Wednesday.
"After a thorough coaching search, it was clear that Mike was the ideal choice as we enter into a new era of Bucks Basketball," said Bucks owners Wes Edens, Marc Lasry and Jamie Dinan in a statement. "Mike has demonstrated the ability to lead and communicate, and understands what it takes to build a winning culture. This move puts our organization in a terrific position as we work together toward our collective goal of sustained success and winning championships."