BMO Harris Bradley Center announced Monday that it has reached agreement with the Milwaukee Bucks on a new, six-year lease through Sept. 30, 2017.

The lease extension, which is backdated to Oct. 1 of last year and was expected, is the longest lease between the center and the franchise in more than 10 years and the first multiyear extension since 2007.

“This six-year lease extension represents a long-term commitment between the BMO Harris Bradley Center and the Bucks, offering security for the next five years as the community continues to determine its potential path to a new arena,” said Marc Marotta, BMO Harris Bradley Center board chairman.

The terms of the lease extension are substantially the same as in past years, arena officials said, and will not escalate during the six-year term.

– Reported by Don Walker of theĀ Milwaukee Journal Sentinel