Budenholzer was most recently the head coach of the Atlanta Hawks, with his five-year tenure with the team coming to an end at the close of the season.
Budenholzer beat a stable of other current and former Spurs assistants for the job, including Becky Hammon, Ettore Messina, and Monty Williams.
After numerous interviews with candidates, the Milwaukee Bucks have found their new head coach.
The Raptors reportedly want the four-time National Basketball Association champion, but they also have a number of impressive internal candidates. During his time with the Hawks he won an NBA Coach of the Year award and led the team to the Eastern Conference Finals in 2016. He is going to be a major upgrade from what Milwaukee has become used to on the sidelines and will help the Bucks get back into serious contention. Atlanta dropped to 24-58 this season, with the organization's mandate to shed salary and gather draft picks and future assets.
He was named the NBA Coach of the Year that season.
The hiring of a head coach was undoubtedly the biggest decision of the summer for the Bucks, but now the hard work must begin for Budenholzer and co.