"Pat is a key contributor to our success with his energy, toughness, teamwork and 3-point shooting," general manager Jon Horst said Monday in a statement (Tuesday, Manila time).
"Pat has continued to embrace our fans and the city of Milwaukee, and we're glad to have agreed to an extension with him."
The 29-year-old Connaughton played 26 minutes per game and made 2.2 3-pointers per game this past season to set career highs in both categories. He made 39.5% of his 3-point attempts.
He also had 4.2 rebounds and 1.3 assists per game.
Connaughton has been with the Bucks for four seasons after three with the Portland Trail Blazers. He has career averages of 5.9 points, 3.3 rebounds and 1.2 assists in 417 regular-season games.
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