Southeast Notes: Heat, Giannis, Wagner, Connaughton, More

The Heat weren’t offered a first-round pick for Andrew Wiggins, Norman Powell, or Tyler Herro ahead of last Thursday’s trade deadline, a source tells Barry Jackson of The Miami Herald. According to Jackson, Miami could have potentially secured a pair of second-round picks in a Wiggins trade, but the front office didn’t think the upside of those picks outweighed the value of hanging onto the veteran forward.

While the Heat intend to renew their pursuit of Giannis Antetokounmpo this summer, the Bucks didn’t tell Miami what it would’ve taken for them to accept an offer, according to Jackson, who reports that Milwaukee simply turned down the Heat’s proposal rather than making a counteroffer or engaging in any real back-and-forth.

Interestingly, Jackson says the Heat – who only had two tradable first-round picks at the deadline – had a viable path to acquiring a third first-rounder and would’ve been willing to pull the trigger on that deal and include the pick in their offer for Antetokounmpo. However, it still wouldn’t have been enough to satisfy the Bucks.

It’s unclear how Miami would’ve acquired that third first-round pick without using either one of the three veterans mentioned above or another asset that would’ve otherwise been included in its Giannis offer.

Here are a few more items of interest from around the Southeast:

• Magic forward Franz Wagner, who missed nine consecutive games – and 25 of 27 – due to a left ankle injury, returned to the court on Monday vs. Milwaukee, as Jason Beede of The Orlando Sentinel details (subscription required). Wagner came off the bench for the first time in his NBA career and was on a “very strict” minutes restriction, per Beede. But he made an impact as a reserve, scoring 14 points on 6-of-10 shooting and handing out five assists in 17 minutes of action as Orlando beat Milwaukee 118-99.
• The new contract that veteran wing Pat Connaughton signed with the Hornets is a two-year, minimum-salary deal that includes a team option for next season, tweets Michael Scotto of HoopsHype. Connaughton will earn $1,315,814 for the rest of this season, while his 2026/27 option is worth $3,815,861.
• More contract details out of Charlotte: Tosan Evbuomwan‘s new two-way contract with the team is a two-year deal, Hoops Rumors has confirmed. Among the Hornets‘ two-way players, only Antonio Reeves has a one-year contract, with Evbuomwan’s and PJ Hall‘s deals running through 2026/27.
• Yossi Gozlan of The Third Apron (Substack link) analyzes the Anthony Davis trade and considers possible next steps for the Wizards. In Gozlan’s view, unless Davis is willing to take a pay cut on his next deal, it doesn’t make sense for Washington to sign the big man to a contract extension unless he stays healthy and plays well for an extended period of time.