Discussing the Giannis Antetokounmpo trade market during the latest episode of the Milwaukee Bucks Point Forward podcast, Bucks beat writer Jim Owczarski of The Milwaukee Journal Sentinel suggested that the lack of concrete updates recently may, paradoxically, suggest that talks are getting more serious.

“I’m not reporting anything, but the quiet is eerie,” Owczarski said (Twitter audio link). “And what I mean by that is that means something’s happening. And that’s just being on the beat for six years. That’s how (Bucks general manager) Jon Horst operates. Jrue Holiday appeared out of thin air. Damian Lillard appeared out of thin air. Trading Giannis Antetokounmpo is not something that is going to be leaked and sort of bread-crumbed out in public. That’s just not how this is going.

“I think the lack of news…and the quiet on a story that’s been pursued nationally for so many years indicates that all of the parties involved have gone omertà. The code of silence. You generally don’t do that unless you’re trying to get something done.”

Bucks co-owner Jimmy Haslam stated about four weeks ago that the team hopes to have resolution one way or the other on the Antetokounmpo saga by the draft, and there’s no indication that timeline has changed. As Owczarski notes, if Milwaukee does trade the star forward, the team would like to be able to add at least one pick in a loaded 2026 draft.

Of course, Haslam didn’t say that a trade must happen by the draft — it’s also possible that Antetokounmpo could make a long-term commitment to the Bucks and tell the front office he plans to sign a new contract when he becomes extension-eligible in October. However, Owczarski says he’s not sure how much the team has explored the possibility of trying to acquire another star player to pair with Giannis.

Here are a few more Giannis-related items of interest:

  • Later in the Point Forward podcast, Owczarski discussed what a package from the Heat for Antetokounmpo might look like and speculated about what the Magic would have to offer to get Milwaukee’s attention (video link via The Journal Sentinel).
  • The Heat‘s interest in acquiring Antetokounmpo remains just as strong as it was before February’s trade deadline, league sources tell Barry Jackson of The Miami Herald, who says Bam Adebayo is the only Miami player “off limits” in the team’s trade talks with the Bucks. The Heat already have a good idea of which of their players Milwaukee likes, Jackson writes, noting that it’s “doubtful” Miami would draw the line on any specific role player. Jackson says that any trade is more likely to happen sometime after the NBA Finals end, in case more suitors emerge in the coming weeks, and adds that the Heat aren’t concerned about the offensive fit of a potential Adebayo/Antetokounmpo pairing.
  • While the Celtics loom as a potential wild card in the Giannis sweepstakes, Jay King of The Athletic considers whether taking that sort of swing would be in Boston’s best interest, pointing out that president of basketball operations Brad Stevens could aggressively reshape his roster this summer without targeting Antetokounmpo.
  • Eric Pincus of Bleacher Report, who has been putting together several hypothetical trade packages for Antetokounmpo in recent weeks, ranks those hypothetical returns for the Bucks, suggesting that the Cavaliers would be well positioned to win the bidding if they change their stance on Evan Mobley and become more willing to discuss the big man with the Heat.
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