Teams Holding Onto Assets For Potential Giannis Antetokounmpo Trade
Giannis Antetokounmpo and Bucks officials have both attempted to quash speculation about a potential trade over the past two weeks, but teams around the league continue to closely monitor the situation, according to two prominent NBA observers.
ESPN’s Brian Windhorst said during a recent appearance on NBA Countdown (YouTube link) that numerous deals are on hold because rival teams aren’t convinced that Antetokounmpo won’t be moved by the February 5 trade deadline. General managers are reluctant to part with assets that could be useful if the two-time MVP were suddenly to become available over the next two-and-a-half weeks.
“The biggest question in the NBA right now is are the Bucks really going to stand for this and is Giannis really going to stand for this,” Windhorst said. “And I know what Giannis has said on the record and I know that the Bucks have been out there trying to buy, but I’m telling you when I talk to people in the league, they’re still holding, waiting to see. … There are deals that are on hold … because teams still aren’t 100% sure whether Giannis is going to be on the team the rest of the year, and these last few games have made them even stutter some more.”
NBA insider Zach Lowe identifies the Hawks, Warriors, Lakers, Heat and Knicks as teams that are “considering holding onto their assets for a potential pursuit of Giannis Antetokounmpo now or in the summer” (Twitter video link). Lowe notes that Antetokounmpo, who’s signed through next season and holds a $62.8MM player option for 2027/28, will become eligible for an extension in October.
“If he doesn’t take that extension, that’s the same things as basically demanding a trade,” Lowe said. “… Right now, the Bucks are only 5-5 since he came back from injury. They are getting shellacked every second that he’s off the floor on the bench resting. They’re still in 11th in the East, and the time to convince him that this group can actually do anything serious might be now.”
Lowe suggests the Bucks should target Grizzlies guard Ja Morant in their search for immediate help. Morant, who had 24 points and 13 assists on Sunday as he returned from a right calf injury, has been among the most prominent names on the trade market, but he said after the game that he’s a “loyal guy” and prefers to stay in Memphis.
“The whole league is watching,” Lowe added. “If they slide any further down the standings, if they can’t even get up to 10th or ninth in the East, does Giannis push the button now instead of waiting until the summer? It’s the biggest story in the NBA potentially.”
Milwaukee is coming off a miserable week, dropping three straight games, including an 18-point loss to San Antonio and a 33-point loss to Minnesota. At 17-24, the team is still only 1.5 games behind 10th-place Atlanta for the East’s final play-in spot and 2.5 games in back of ninth-place Chicago.
The Bucks have sent out strong indications that they’ll approach the trade deadline as buyers in hopes of making a late-season run. But they have limited trade assets available and are reportedly reluctant to part with their lone tradable first-round pick (in either 2031 or 2032).
Even if Milwaukee manages to earn a playoff spot, there’s no guarantee that will satisfy Antetokounmpo, who has stated repeatedly that he wants to win another championship before he retires. Regardless of the Bucks’ official position, teams are preparing for the possibility that a trade might happen by the deadline.
Latest On Ja Morant
Following a six-game absence due to a right calf injury, Ja Morant returned to action on Sunday and delivered one of his best performances of the season in the Grizzlies‘ 126-109 victory over the Magic in London.
According to Damichael Cole of the Memphis Commercial Appeal, Morant became the first player in franchise history to record 20 points and 10 assists in the first half of a game. He ultimately finished with 24 points and 13 assists in just 28 minutes of action.
Given the public trade rumors swirling around Morant, the performance left some wondering how the game could impact his perceived trade value around the league, but the guard made a point after the game to emphasize his desire to stay in Memphis, Marc Stein writes for The Stein Line (Substack link).
“I’m a very loyal guy,” Morant said. “I got a (Grizzlies) logo on my back, so that should tell you exactly where I want to be,” he added, referencing a tattoo of the Grizzlies bear on his back.
As Stein writes, Memphis has been willing to listen to offers on Morant due to the fact that impressive outings like Sunday’s have been rarer in recent years. Morant hasn’t played seven consecutive games since the 2022/23 season, and the injuries have seemingly taken a toll on his game. He is getting to the rim at the lowest rate of his career, while simultaneously having his worst shooting season as a pro.
However, Stein also notes that the team seems to have had a real bonding experience during this in-season trip abroad, saying that Morant was “at the heart of all the good vibes.”
In a final update on Morant, Stein reports that the Heat, whose interest in the two-time All-Star had been previously reported as “tepid,” aren’t interested in making a trade that would eat into the assets they could offer in a potential Giannis Antetokounmpo deal. Miami believes itself to be a real threat to land the Bucks star if he asks for a trade and doesn’t want to compromise its position on that front.
Injury Notes: Green, Herro, Lakers, Knicks
The Suns are rolling, winning 11 of their past 16 games, including two victories over the Knicks in just over a week. They’re currently fighting for a top-six seed in the Western Conference and boast a 25-17 record, despite having spent most of the season playing without Jalen Green, a key offseason addition.
“We miss Jalen,” Devin Booker said after Phoenix’s latest win over New York on Saturday, per Duane Rankin of the Arizona Republic. “I think Jalen, he’s another person out there that’ll have rim presence for us and draw a lot of fouls. [Collin Gillespie], he’s really punctual. He’s going to get to his middy. Grayson (Allen) has some rim pressure, but we’re all getting excited for Jalen.”
Allen echoed Booker’s sentiment and expressed excitement about how Green could fit into the offense.
“Just another guy who can create his own shot, create advantages for other people,” Allen said. “Make tough shots. Draw two defenders. He’s a big-time scorer. So he’ll help a lot.”
The wait for Green’s return may be over. According to Rankin (Twitter link), the fifth-year guard is listed as questionable for Monday’s game against the Nets. While his return isn’t guaranteed, coach Jordan Ott spoke in optimistic terms after the team’s shootaround on Saturday.
“Everything seemed to be good,” Ott said of Green’s third stint of five-on-five work. “So, we’ll see. Still going in the right direction.”
Booker hinted that Green could have returned earlier, suggesting that the Suns were being cautious with his recovery.
“He’s been licking his chops getting ready for this moment,” Booker said. “I think we’ve overdone it with keeping him out. He’s going to be healthy and strong and ready to go.”
We have more injury notes from around the NBA:
- Tyler Herro didn’t travel with the Heat for their five-game road trip after suffering a rib contusion that caused him to miss Saturday’s game against the Thunder, writes Ira Winderman of the South Florida Sun Sentinel (via Twitter). While initial reports indicated that the injury was on the more minor side, he is now set to undergo an MRI, per Winderman (Twitter link), and it’s unclear how many more games he’ll be held out for. Herro has been plagued by injuries for most of the season, having missed 31 of Miami’s first 42 games.
- Lakers stars Luka Doncic and LeBron James are questionable to play in Sunday night’s matchup against the Raptors, tweets Marc Stein. Doncic is dealing with left groin soreness, while James continues to fight through left foot joint arthritis and sciatica. The Lakers are still missing their third star, Austin Reaves, due to the calf strain that has sidelined him since Christmas.
- The Knicks are in a tailspin, having lost eight of their last 10 games, and they may have to make do without two of their leaders against the beat-up Mavericks on Monday. Stefan Bondy of The New York Post notes (via Twitter) that Jalen Brunson and Josh Hart are both listed as questionable for the game. Brunson, the team’s captain and offensive hub, is dealing with a right ankle sprain, while Josh Hart, who in many ways represents the team’s emotional leader, has right ankle soreness.
- While the Mavericks are still missing a majority of the top end of their roster, including P.J. Washington (personal reasons), Daniel Gafford (right ankle sprain), and D’Angelo Russell (illness), they got a bit of good news, as star rookie Cooper Flagg was upgraded to questionable as he looks to return from a left ankle sprain, per Mike Curtis of The Dallas Morning News (Twitter link).
Southeast Notes: Ware, Herro, Suggs, Dennis
After criticizing Kel’el Ware following Thursday’s loss to Boston, Heat coach Erik Spoelstra walked back those comments in a session with reporters before tonight’s game, Anthony Chiang of The Miami Herald states in a subscriber-only piece. Ware spent the entire second half on the bench Thursday night, and Spoelstra said he needs to get back to stacking good days like he was seven or eight weeks ago. Spoelstra said on Saturday that he didn’t intend to single out Ware for the defeat.
“I didn’t articulate that in a great way and that wasn’t fair to Kel’el,” he said. “I wasn’t even frustrated. So what I’ll say is I’m fully invested in and invigorated about the opportunity to develop Kel’el, and our staff feels the same way. We’re going to give him everything we have to make sure he becomes the player that he wants to become, that we need him to become.”
Ware, who has been a frequent target of criticism from Spoelstra during his year-and-a-half with the team, didn’t seemed fazed by it when he talked to reporters tonight. He added that he hasn’t spoken to his coach about the latest comments.
“Just going out there and playing, basically,” Ware said in explaining how he responds to Spoelstra’s challenges. “In order to produce, I guess, like he said eight weeks ago, I would say I had more minutes eight weeks ago. But I guess to try to bring that same productivity to the minutes that I’m getting now.”
There’s more from the Southeast Division:
- Heat guard Tyler Herro is sitting out tonight’s game against Oklahoma City due to a rib contusion, but he’s not expected to miss much time, Chiang tweets. “This shouldn’t be long term,” Spoelstra told reporters. “We’ll just continue to treat him and see how he responds.”
- Jalen Suggs has already been ruled out for Sunday’s contest in London, per Jason Beede of The Orlando Sentinel (Twitter link). It will be the seventh straight missed game for the Magic guard since he suffered an MCL contusion on his right knee early this month.
- RayJ Dennis, who signed a two-way contract with the Hawks at the end of December, posted huge numbers for College Park in the G League on Friday (Twitter link). The 24-year-old point guard finished with 46 points and 15 assists in a win over Delaware while shooting 16-of-24 from the field and sinking five three-pointers.
Heat Notes: Ware, Haslem, Midway Point, Grades, Powell, Wiggins
Heat second-year big man Kel’el Ware continues to frustrate the coaching staff with his inconsistency. Ware was benched during the second half of the team’s loss to Boston on Thursday and coach Erik Spoelstra called him out afterward, Anthony Chiang of the Miami Herald writes.
“It was a tough matchup for him in Boston with all the coverages, and the same thing (Thursday),” Spoelstra said. “He just has to stay ready. Look, with Kel’el, I know that’s a lightning-rod topic. He needs to get back to where he was eight weeks ago, seven weeks ago, where I felt and everybody in the building felt, he was stacking days, good days. He’s stacking days in the wrong direction now. He’s just got to get back to that. Stack days, build those habits, make sure you’re ready and play the minutes that you’re playing to a point where it makes me want to play you more.”
Former Heat player Udonis Haslem said during a Prime Video appearance that Ware needs to make the coaches believe he’s deserving of more playing time.
“Put them in a position to earn their money,” Haslem said. “Put them in a position to say, ‘He is one of our top seven or right guys, he should be playing. Let me figure out ways to get him more minutes because he deserves those minutes.’ I understand your minutes are going to fluctuate based on the situation with coaches. There is nothing you can do about it. But what you can do is every time you step out on the basketball court, make sure your minutes are impactful, make sure your minutes are positive.”
Bam Adebayo made similar comments to the media.
Here’s more on the Heat:
- With a 21-20 record at the midway point of the season, Miami hasn’t played to its potential, in Spoelstra’s view. “We feel like we’re better than where we are, but we are what our record is right now. That’s the bottom line,” the Heat coach said, per Chiang. “If you play games on paper, I think right now we would have a better record. But that’s not the case right now.” Adebayo believes the players need to be more focused and mentally tougher. “We are better than what our record says,” he said. “But until all of us commit to doing role-player things, we’ll keep being in the middle of the pack, mediocre. Until guys get sick of that middle ground of being seventh, eighth and not want to really make a push to be fourth or third in the East, we’re going to stay right here.”
- The Sun Sentinel’s Ira Winderman hands out midseason grades and gives Norman Powell an A and Jaime Jaquez Jr. an A-. Disappointing offseason acquisition Simone Fontecchio was awarded a D-.
- In the same story, Winderman opines that the front office might be better off trading Powell and Andrew Wiggins, noting the team is wallowing in mediocrity and could help its long-term outlook by acquiring draft capital. Powell will be an unrestricted free agent after the season while Wiggins holds a player option worth over $30.1MM for next season.
Injury Notes: Garland, Merrill, Heat, Coulibaly, Pritchard
Cavaliers point guard Darius Garland has been ruled out of Friday’s game at Philadelphia due to right great toe soreness, tweets Chris Fedor of Cleveland.com. As Fedor notes, Garland’s injury is not a recurrence of the toe ailment that required offseason surgery and has bothered him for several months — the injury is impacting a different toe on the opposite foot.
Cleveland will also be without sharpshooter Sam Merrill on Friday, per Fedor (Twitter link). Merrill is dealing with a right hand sprain, the same injury that caused him to miss 14 games earlier in the season. Both players were injured in Wednesday’s win in Philadelphia.
Here are a few more injury updates from around the NBA:
- The Heat will be down two key rotation members for Saturday’s game against Oklahoma City, according to Anthony Chiang of The Miami Herald (Twitter links). Starting point guard Davion Mitchell will miss his second straight game with a left shoulder contusion, while sixth man Jaime Jaquez Jr. will be out for the second consecutive contest due to a left knee sprain. As Chiang writes for The Miami Herald, Jaquez underwent an MRI on Thursday which revealed irritation in his knee. Mitchell had not received an MRI as of Thursday. Guard Tyler Herro is questionable for tomorrow’s game due to contusions on his toe and rib.
- Forward Bilal Coulibaly, who exited Wednesday’s loss at the Clippers early due to a back injury, will miss the final two games of the Wizards‘ West Coast road trip with what the team is calling lower back stiffness, as Josh Robbins of The Athletic relays (via Twitter). Head coach Brian Keefe said the former lottery pick has returned to D.C. to receive treatment for his back.
- Celtics guard Payton Pritchard is doubtful to suit up for Saturday’s game at Atlanta due to left ankle soreness, per John Karalis of Sports Illustrated (Twitter link). Pritchard, the reigning Sixth Man of the Year, has appeared in all 40 of Boston’s games thus far in 2025/26. Forward Josh Minott will miss his seventh straight contest due to a left ankle sprain, Karalis adds.
Scotto’s Latest: Clippers, Kings, AD, Hawks, Kuminga, Poeltl
The Kings and Clippers engaged in exploratory talks about a possible trade that would have sent forward DeMar DeRozan and guard Keon Ellis to Los Angeles in exchange for big man John Collins and another “small salary filler,” reports Michael Scotto of HoopsHype.
However, those conversations occurred before the Clippers reeled off 11 wins in their past 13 games, according to Scotto. While that doesn’t necessarily mean the talks are dead, the implication seems to be that L.A. is far less likely at this point to shake up its roster in a major way.
After getting off to a 6-21 start, the Clippers are now 17-23, tied with Memphis for the 10th-best record in the Western Conference.
Here are a few more items of interest from Scotto:
- Given how limited Anthony Davis‘ value will be this winter as he recovers from a hand injury, several NBA executives who spoke to HoopsHype predicted that the Mavericks will hang onto him for the rest of the season unless Dallas is content to essentially salary-dump him. The Hawks, the team most frequently connected to Davis, aren’t operating with any urgency now that he’s hurt again, per Scotto.
- Exploring whether any new teams can be added to the list of potential suitors for Jonathan Kuminga, Scotto says the Heat and Wizards were previously thought to be in the mix, but Miami’s interested has diminished and Washington is unlikely to seriously pursue the Warriors forward. Scotto does confirm that the Trail Blazers are believed to have some interest in Kuminga, as Kevin O’Connor of Yahoo Sports previously reported.
- In addition to doing so with Immanuel Quickley and RJ Barrett, the Raptors have also been gauging Jakob Poeltl‘s value on the trade market, Scotto writes. Poeltl is dealing with back issues this season and is owed $103.5MM over the next four years after this one, so it’s probably safe to assume he wouldn’t be a hot commodity.
Bucks Rumors: Giannis, Morant, Rollins, Monk, Ellis, Portis, More
Thursday’s loss to San Antonio marked the halfway point of the Bucks‘ season, and the team’s 17-24 record is its worst first-half mark since 2015/16, writes Eric Nehm of The Athletic.
Although Nehm describes Milwaukee as looking “lost,” the front office has held firm on its stance that star forward Giannis Antetokounmpo isn’t going anywhere this season and that it wants to add an impact player alongside the two-time MVP, writes Jamal Collier of ESPN.
“We always manage to pull something off,” a team source told Collier.
Grizzlies point guard Ja Morant is one potential target the Bucks have been linked to as of late. According to Michael Scotto of HoopsHype, Memphis has sought guard Ryan Rollins and Milwaukee’s lone tradable first-round pick (in either 2031 or 2032) in discussions with Milwaukee about Morant.
However, the Bucks have been “wary” about including that first-round pick in any trade talks to date, per Collier, who hears from rival executives that that first-rounder would likely only be on the table for a “star.” Morant, who has made two All-Star teams, certainly fit that bill at one point but may no longer be viewed that way, as he has battled injuries and seen his production decline in recent years.
As Collier writes, the Wizards’ deal for Trae Young might be instructive when considering the sort of trade that makes the most sense for the Bucks. Washington gave up no draft picks and a significant expiring contract as part of the package for Young, with the Hawks looking to get off the hook for his $49MM player option in 2026/27.
Milwaukee is in a good position to make a similar move for a player on a non-expiring deal, says Collier, noting that Zach LaVine, Malik Monk, and Jerami Grant are a few of the trade candidates with multiyear contracts who have been linked to the team. Collier also cites Heat forward Andrew Wiggins and Hornets Miles Bridges as a couple more examples.
The Bucks have had exploratory discussions with the Kings about a deal that would send Bobby Portis and a minimum-salary player to Sacramento in exchange for Monk and Keon Ellis, league sources tell Scotto. A trade for a higher-salary player such as Morant or LaVine would require Milwaukee to sacrifice more rotation pieces for matching purposes, but the team has considered that possibility, gauging the market for forward Kyle Kuzma ($22.4MM cap hit) as well as Portis ($13.4MM), Scotto writes.
As Collier observes, the Bucks would be more equipped to make a significant splash during the 2026 offeason, when they’ll have up to three first-round picks available to trade (2026, 2031, and 2033). But the club – which has a +7.7 net rating with Antetokounmpo on the floor in 2025/26 – hasn’t given up on this season, even if some rival executives aren’t convinced Milwaukee should continue with its win-now approach.
“At some point, you’re just digging deeper and deeper,” an Eastern Conference exec told ESPN. “There might not be light at the end of the tunnel. It might just be a hole.”
Pistons, Celtics Among Teams To Express Interest In Jaren Jackson Jr.
While the Grizzlies have made point guard Ja Morant available, there’s no indication that stance has extended to big man Jaren Jackson Jr. In fact, multiple reports have indicated that Memphis wants to hang onto Jackson and build around him.
Still, that hasn’t stopped a certain agent-turned-podcast-host from speculating about a potential trade involving Jackson, and it hasn’t stopped teams from calling the Grizzlies to register interest in the former Defensive Player of the Year. According to Michael Scotto of HoopsHype, the Pistons and Celtics are among the teams to convey their interest.
Detroit has Jalen Duren and Isaiah Stewart in its frontcourt but has been in the market for a power forward or center who can stretch the floor — Jackson fits that bill, having made 37.3% of 5.0 three-pointers per game since the start of last season. As for Boston, the 2024 champions lost Al Horford and Luke Kornet in 2025 free agency while also trading away Kristaps Porzingis, so it makes sense that the Celtics would be seeking an impact big man.
As Scotto points out, if the Grizzlies traded both Morant and Jackson, it would create a path for the club to rebuild around a younger core led by Cedric Coward, Zach Edey, and Jaylen Wells. While Memphis still views Jackson – who is just 26 years old and is under contract through at least 2029 – as a part of that core, more teams figure to inquire about his availability if Morant is moved ahead of the February 5 deadline, Scotto writes.
Scotto also checks in on Morant’s market, citing league sources who say that the Heat, Bucks, Kings, Raptors, and Pelicans have expressed some interest. However, it sounds like most of those teams would only be interested in the two-time All-Star as a buy-low target.
According to Scotto, there have been whispers for months that Morant and his camp view Miami as a favorable landing spot. But rival executives who spoke to HoopsHype believe the Heat’s “dream scenario” would be landing Giannis Antetokounmpo if he becomes available in the summer, so the club will be reluctant to give up any assets that would compromise that possibility.
An ESPN report from earlier today classified league-wide interest in Morant as “tepid,” and Sam Amick of The Athletic has heard the same. According to Amick, Miami and Milwaukee are considered unlikely landing spots for the Grizzlies guard, while Sacramento doesn’t view him as a great fit for its timeline and would be unwilling to include any draft capital in an offer. Scotto adds that some rival executives wondered whether the Nets or Rockets might have interest in Morant, but neither club seems to.
Morant is currently sidelined with a right calf injury and didn’t play in the NBA’s first ever regular season game in Germany on Thursday. Amid rumors that Morant doesn’t want to play for Memphis at all anymore, commissioner Adam Silver said he’s hopeful the star guard will be able to suit up on Sunday in London.
“I know he has a tremendous following globally,” Silver said ahead of Thursday’s game in Berlin, per Tim Reynolds of The Associated Press. “And I wish he were able to play tonight. I’m still holding out hope he’ll be able to play when we’re in London on Sunday. So, yes, I’m disappointed he’s not on the floor tonight, but I understand he’s injured.”
Trade Rumors: Morant, Heat, Lakers, Raptors, Bucks, Wolves
Classifying the level of league-wide trade interest in Grizzlies point guard Ja Morant as “tepid,” ESPN’s Tim Bontemps and Brian Windhorst say the Heat‘s interest, specifically, has been overstated.
As Bontemps and Windhorst explain, Miami has been “laser focused” on keeping its salary cap relatively clean for the 2027 offseason, when superstars like Nikola Jokic and Giannis Antetokounmpo could become free agents. Sources tell ESPN that it’s highly unlikely the team would pivot away from that plan in order to acquire Morant, whose contract includes a guaranteed $44.9MM salary for 2027/28.
Addressing ESPN’s report, Barry Jackson of The Miami Herald (Twitter link) essentially agrees, writing that the Heat haven’t made an offer for Morant and are only interested if it’s a “complete giveaway” from Memphis’ perspective. Jackson jokes that the Grizzlies might even need to throw in a first-round pick to entice Miami.
As for which other teams might be in the mix for Morant, sources who spoke to Bontemps and Windhorst don’t believe there’s much of a market for the two-time All-Star, whose production has declined in recent years, but the Bucks were repeatedly mentioned as one possible option, per ESPN’s duo.
Here’s more from Bontemps and Windhorst on the NBA trade market:
- The Lakers are seeking help on the perimeter and rim protection as they consider their in-season options, league sources tell ESPN. “They’re going to be looking for bargain deals and they might be able to find one if they’re willing to take on long-term money,” one Western Conference general manager said. “But they probably need to make sure that player is a good fit with Luka (Doncic) to justify it.”
- The Raptors have been gauging the trade value of several of their players, including guard Immanuel Quickley and forward RJ Barrett, sources tell Bontemps and Windhorst. While other teams may be reluctant to take on long-term salary for potential trade candidates like Morant, Domantas Sabonis, or Anthony Davis, the Raptors – who have been linked to each of those players – would be in better position to do because their offers would include multiyear contracts of their own (Quickley, Barrett, and/or Jakob Poeltl), ESPN’s duo points out. Still, a lack of bigger expiring contracts means Toronto would have to include draft compensation to strengthen its offers.
- The Bucks have expressed interest in talent “at basically any position” and are widely regarded as a team that will make a meaningful move at the deadline, according to ESPN. “Milwaukee still has a first-round pick they can trade, and they’re $14 million under the luxury tax,” one Eastern Conference executive said. “I’ve seen teams make chicken salad with less.”
- According to Bontemps and Windhorst, executives believe the Timberwolves are hoping to bolster their backcourt while also reducing their payroll, as they’re poised to pay a significant tax bill for a second straight season. It will be difficult for Minnesota to make a real upgrade without giving up at least one rotation player, however.