Not much has changed on the Giannis Antetokounmpo trade front, Marc Stein writes in his latest article for the Stein Line (Substack link). However, according to Stein, there have been some indications which teams would – and wouldn’t – become players for Antetokounmpo should the Bucks, who lost by 45 points to the Nets on Sunday, make him available.
Teams are waiting for signals from the Bucks that they are open for business, but those signals have yet to come, according to Stein, who hears there have actually been whispers that Milwaukee will actually go the opposite way and look to reinforce the roster around its superstar forward.
If Antetokounmpo does end up on the trade block, some of the teams best positioned to pursue him may not enter the mix. Stein suggests there’s a “growing belief” that the Spurs, Rockets, and Thunder are happy with their current cores and won’t be looking to break them up to try to land the two-time MVP.
We have more from Stein:
- The Lakers‘ loss to the Victor Wembanyama-less Spurs in the NBA Cup quarterfinals helped emphasize L.A.’s dire need for perimeter on-ball defenders, Stein writes. “I think being able to contain the basketball is probably the most difficult thing for our team right now,” Lakers head coach JJ Redick said after that game. According to Stein’s sources, the Lakers are hoping to target three-and-D players at the trade deadline, but the player pool – beyond Kings guard Keon Ellis – is relatively limited for now. Stein also notes that Los Angeles’ preferences in any deal would be to bring in a player on a similar age timeline as Luka Doncic and Austin Reaves, who are 26 and 27, respectively.
- Any major moves made by the Hawks during this trade deadline are expected to include Kristaps Porzingis‘ $30.7MM expiring deal, Stein reports. However, he notes the recent announcement that Porzingis would miss the next two weeks due to an unspecified illness could complicate a potential deal, given the similar health problems that limited the Latvian big man during the 2025 playoffs.
- Jalen Johnson is expected to be off-limits in any trade talks for the Hawks. Johnson posted his fourth-straight triple-double on Sunday night, which Stein notes (via Twitter) ties Nikola Jokic for the longest streak this season. Johnson has been instrumental in keeping Atlanta competitive with Trae Young having been limited to just five games this season due to a knee injury. The Hawks have posted a 12-9 record without Young, and Johnson has averaged 23.8 points, 11.2 rebounds, and 8.8 assists per game in that span.
- Warriors guard Pat Spencer is viewed as a near lock to have his two-way contract converted to a guaranteed deal, Stein writes. Entering Sunday, Spencer has been active for all 26 Golden State games, meaning he’s over halfway to his 50-game limit. The third-year guard is posting career-highs across the board, averaging 7.7 points, 3.3 assists, and 2.6 rebounds in 16.4 minutes per game on .457/.424/.900 shooting splits. The Warriors currently have a full 15-man roster and are only operating about $264K below their hard cap, so they’ll need to make another move before they’re able to convert Spencer.
While Kerr is the highest earner among head coaches in the short term, his deal with Golden State expires at the end of the 2025/26 season, whereas Spoelstra (eight years) and Lue (five years) signed longer-term extensions in 2024, so they’re assured of far more overall guaranteed money.