Giannis Antetokounmpo has yet to make any decisions about his future with the Bucks, as Shams Charania of ESPN reported today and Marc Stein of The Stein Line (Substack link) confirms. But with Charania suggesting that Antetokounmpo is becoming more “open-minded” about considering opportunities outside of Milwaukee and executives converging on Chicago this week for the NBA draft combine, speculation about the two-time MVP’s future with the Bucks is running rampant.

Stein, Grant Afseth of RG.org, and Brian Windhorst of ESPN (Twitter video link) are among the reporters who have pointed to the Spurs and Rockets as the two top teams to watch as potential Antetokounmpo suitors in the event he requests a trade.

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As Windhorst explains, those teams are obvious fits because they have the ability to offer quality young players along with draft picks that aren’t their own in a package for Giannis.

Since the Bucks don’t control their own first-round picks for the coming years, they may not be inclined to launch a full-fledged rebuild if they trade Antetokounmpo. They also might not highly value draft picks coming directly from the team acquiring the star forward, since the picks from a Giannis-led team likely wouldn’t land high in the first round.

Windhorst, Stein, and Afseth also identify the Pelicans as a team to watch as a possible facilitator in any Antetokounmpo deal. If the Bucks do want to hit the reset button, reacquiring their own draft picks could be an important part of their plan, and New Orleans controls those picks in the short term. The Pelicans have the ability to swap picks with Milwaukee in both 2026 and 2027 (top-four protected).

Here’s more on a superstar who has suddenly become a popular subject of trade speculation:

• The Nets have long been known to covet Antetokounmpo and are ready to pounce if he becomes available, writes Brian Lewis of The New York Post. While Brooklyn’s cap flexibility collection of future draft assets could make the club an intriguing suitor, Windhorst notes that the Nets don’t have as much young talent as some of the other teams that would likely be part of the bidding.
• Do the Heat have the assets necessary to get involved in the potential Antetokounmpo sweepstakes? Anthony Chiang of The Miami Herald explores that question, concluding that there are several other teams who could outbid Miami. The Heat would probably only have a legitimate chance at the Bucks star if he were to exert leverage by putting them atop his wish list, Chiang adds.
• Afseth cites the Hawks as a possible dark-horse Antetokounmpo suitor, noting that Giannis’ agent – Alex Saratsis of Octagon – is among the player representatives Atlanta is believed to be evaluating as a possible candidate to lead the team’s front office. Head coach Quin Snyder, who has a role in personnel decisions, is also represented by Octagon, Afseth observes.
• In his look at potential trade packages for Antetokounmpo, ESPN’s Bobby Marks identifies the Rockets and Spurs as the best overall fits, the Nets and Jazz as the teams best positioned to put together offers heavy on draft picks, and Pistons, Grizzlies, Thunder, Pelicans, Magic, and Sixers as possible wild cards.
• Eric Nehm of The Athletic considers how the Bucks might be able to sell Antetokounmpo on the idea of remaining in Milwaukee by treating 2025/26 as a “gap year” and building a younger, more flexible roster around him in the long term.