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What Eric Bledsoe's new deal means for the Bucks

Nathaniel S. Butler/NBAE/Getty Images

A potential Eric Bledsoe extension was one of the big things to watch for the Milwaukee Bucks as the trade deadline approached.

Now, three weeks later, Bledsoe and the Bucks have agreed in principle to a four-year, $70 million extension that locks up one of their core players for the foreseeable future.

Here is why the extension made sense for both sides, the impact on Milwaukee this summer in free agency and how Bledsoe being off the market could have a domino effect on free agency.