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.
Ja Morant Will Return To Action On Sunday
January 18: Morant will indeed be active for Sunday’s game, the Grizzlies announced (via Twitter). Big man Santi Aldama, who was previously questionable with a due to a right calf contusion, will also be available.
January 17: Trade talks involving Ja Morant could get more serious once he gets back in action. That is expected to happen on Sunday, when the Grizzlies face the Magic in London.
Morant hasn’t suited up since suffering a right calf injury on Jan. 2.
“There’s a good chance he plays. He went through the full practice today and now we’ve just got to see how his body responds in the morning,” head coach Tuomas Iisalo said on Saturday, per The Associated Press. “There’s obviously no guarantees and he’s got to feel comfortable with how the calf feels.”
Morant has been limited to 18 games this season due to a variety of injuries and a one-game suspension in early November for conduct detrimental to the team. He’s averaging 19.0 points and 7.6 assists in 28.3 minutes per game while shooting a career-low 40.1% from the field and 20.8% on three-point attempts.
Iisalo claims he and Morant are on the same page.
“We have a very good working relationship and every day here we both look to get better,” the Grizzlies’ coach said.
However, there has been daily speculation regarding Morant’s future ever since reports surfaced last week that Memphis was entertaining trade offers for their point guard.
The Timberwolves, Kings, Heat, Bucks, Raptors, Nets and Mavericks have been mentioned as potential suitors for Morant. However, there have been no indications that any trade discussions have reached the serious level. Morant has two years remaining after this season on his five-year, $197.2MM contract and his value has dipped the past few seasons due to declining production, health problems, and off-the-court issues.
Celtics Notes: Porzingis, Simons, Gafford, JJJ, Tatum
The Celtics have their first meeting of the season with the Hawks tonight, but they won’t be facing former teammate Kristaps Porzingis, writes Brian Robb of MassLive. Porzingis, who was sent to Atlanta in a three-team trade last summer, is sidelined with left Achilles tendinitis and will miss his fourth straight game. He battled an illness earlier in the season and has only been available for 17 of the Hawks’ first 43 contests.
Porzingis has played well when he has been healthy, averaging 17.1 points, 5.1 rebounds and 1.3 blocks in 24.3 minutes per night, but his absences have contributed to the Hawks’ slow start. They were expected to be among the top teams in the East after a flurry of offseason moves, but they’re currently stuck in play-in territory at 20-23.
Jaylen Brown, who developed a friendly relationship with Porzingis during their two years as teammates, talked at Saturday morning’s shootaround about seeing him again, per Souichi Terada of MassLive.
“He’s in my hometown,” said Brown, who hails from Atlanta. “I remember we did a segment when he was in Boston and we came to Atlanta. I took him to American Deli and he went up to my high school as well. So I feel like that was kind of me helping him get introduced to the city. Hopefully he’s enjoyed it. Atlanta has many things to offer historically, so hopefully he’s having a great time. I haven’t communicated with him as much, but it’ll be great to see him tonight if he’s here.”
There’s more on the Celtics:
- Anfernee Simons continues to make it tough for the team to think about trading him, Robb notes in a separate story. Simons seemed destined for a short stay in Boston when he was acquired from Portland last summer, but his scoring off the bench has become a major weapon, including a 39-point outing in Thursday’s win over Miami. The Celtics are believed to be in the market for another center, and Simons’ $27.8MM expiring contract could be useful in matching salaries. Robb states that team president Brad Stevens faces a difficult decision on whether to part with Simons, who has played an important role in the team’s rise to contention.
- With the Celtics rumored to be among the teams interested in trading for Daniel Gafford, Robb examines what a potential deal with the Mavericks might look like. In another piece, Robb expresses skepticism that Boston will make a serious bid for Grizzlies big man Jaren Jackson Jr. considering the size of his contract over the next four years and the team’s other financial commitments.
- A league source tells Adam Himmelsbach of The Boston Globe (subscription required) that Jayson Tatum is still improving as he works his way back from the Achilles tear he suffered last May. There’s no official medical update, but Jordan Walsh offered an insider’s perspective, saying, “He looks better than he did when he started. So, he’s making progress. He’s in the gym all day, every day. He’s definitely making progress.”
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.
Trade Rumors: Morant, Lakers, Pelicans, Mathurin, Kuminga
Although Ja Morant‘s time with the Grizzlies has been on a downward trajectory for a few years, tensions reached a boiling point at the end of October, when Morant received a team-issued one-game suspension, writes Brett Siegel of ClutchPoints.
Head coach Tuomas Iisalo reportedly challenged Morant’s “leadership and effort” following a loss to the Lakers in which the point guard was noticeably disengaged throughout the second half. Morant responded to Iisalo in a “tone deemed inappropriate.”
According to Siegel’s sources, the event led to a schism in Memphis’ locker room, with some players agreeing with Morant and some siding with the coaching staff. He never formally requested a trade, but the 26-year-old made it clear he couldn’t see a path forward with the Grizzlies in the wake of the suspension, Siegel adds.
The Heat hold a level of interest in Morant, Siegel confirms. The Kings are also hanging on the periphery of the situation, though they’d only be interested in acquiring Morant if the asking price was low enough — Sacramento is unwilling to part with draft assets in any talks for the two-time All-Star, sources tell Siegel.
Here are a few more rumors and notes from around the NBA:
- The Lakers are exploring the possibility of trading their 2032 first-round pick for two or three lesser-value first-rounders, according to Kevin O’Connor of Yahoo Sports (Twitter video link), who points out that Phoenix made a similar move last year in a deal with Utah. Jarred Vanderbilt and Gabe Vincent have both been made available as Los Angeles continues to search for a wing upgrade, O’Connor adds.
- The Pelicans are among the teams with interest in Pacers wing Bennedict Mathurin, league sources tell Siegel (Twitter video link). Indiana has checked in with New Orleans about second-year center Yves Missi, and Siegel wonders if the two clubs could potentially make a deal centered around those two players.
- Head coach Steve Kerr said Jonathan Kuminga‘s trade demand won’t cause any problems for the Warriors prior to Thursday’s game vs. New York, as Dalton Johnson of NBC Sports Bay Area relays. “It won’t be a distraction,” Kerr said. “Jonathan’s a great young guy. His teammates like him. He’s handling himself well. There won’t be a distraction.” Kerr said he spoke to Kuminga earlier in the day. “There’s not a whole lot I can say about the other stuff,” Kerr said. “It is what it is. Difficult situation for everybody. Part of this league, part of this job. We just keep moving forward. But it’s a tough situation and I don’t really have much to add.”
Eastern Rumors: Ty. Jones, Ivey, Pacers, Okongwu, Raptors, Sixers
The Magic have made calls to multiple teams to explore the possibility of trading veteran point guard Tyus Jones in exchange for some second-round draft capital, reports Jake Fischer of The Stein Line (Substack link).
Jones, 29, signed a one-year, $7MM contract with Orlando over the summer but has played a limited role with the team and is performing well below his usual standard. He has averaged 3.2 points and 2.4 assists in 16.5 minutes per game across 40 outings (eight starts), while making just 35.3% of his shots from the floor, including 29.5% from beyond the three-point line.
The Magic are currently operating about $5.6MM above the luxury tax line and may be motivated to duck out of tax territory at this season’s deadline. Their roster will only get more expensive beginning in 2026/27 when Paolo Banchero‘s maximum-salary rookie scale extension takes effect, so avoiding the tax this season would postpone the repeater clock for another year.
Here are several more items of interest shared by Fischer from around the Eastern Conference:
- While the Pistons still aren’t looking to make a major in-season deal, they’ve gauged Jaden Ivey‘s value on the trade market, per Fischer. The former fifth overall pick has played a reduced role (16.9 MPG) this season in his return from a major leg injury and will be eligible for restricted free agency at season’s end.
- As the Pacers continue to scour the trade market for a long-term answer at the center spot, Hawks big man Onyeka Okongwu is among the players they’ve inquired about, Fischer writes. There’s no indication that Atlanta engaged in discussions involving Okongwu, who is averaging a career-high 16.0 points and 31.9 minutes per game.
- Rivals view the Raptors as one of the teams most interested in making a significant in-season move, according to Fischer, who notes that Toronto was the only team besides Washington with real interest in Trae Young. The Raptors have also been connected repeatedly to Anthony Davis and Domantas Sabonis, and Fischer suggests they’re a potential suitor worth watching for Grizzlies point guard Ja Morant.
- The Sixers and Grizzlies had some trade conversations in mid-December, Fischer says, clarifying that those discussions didn’t involve Morant. Based on “recent synergy” between them, Philadelphia and Memphis could end up being involved in the same transaction if either club needs help from a third team to facilitate a deal, Fischer notes.
Eleven More Players Become Trade-Eligible
Today is Thursday, January 15, which means that a total of 11 players who signed free agent contracts meeting specific criteria this past offseason are now eligible to be traded.
Most offseason signees became trade-eligible on December 15, but players who met the following criteria were ineligible to be moved for an extra month:
- The player re-signed with his previous team.
- He got a raise of at least 20%.
- His salary is above the minimum.
- His team was over the cap and used Bird or Early Bird rights to sign him.
These are the 11 players who met that criteria and are eligible to be traded as of Thursday:
Santi Aldama (Grizzlies)- Josh Giddey (Bulls)
- Quentin Grimes (Sixers)
- Isaiah Jackson (Pacers)
- Jonathan Kuminga (Warriors)
- Tre Mann (Hornets)
- Sam Merrill (Cavaliers)
- Davion Mitchell (Heat)
- Paul Reed (Pistons)
- Naz Reid (Timberwolves)
- Ryan Rollins (Bucks)
Most of the players on standard 15-man rosters around the NBA are now eligible to be moved, though a small handful still can’t be dealt.
That group includes Kings guard Russell Westbrook, who becomes trade-eligible on Friday, Hawks guard Keaton Wallace (trade-eligible on January 18), Pelicans center DeAndre Jordan (Jan. 23), Knicks forward Mikal Bridges (Feb. 1), Lakers guard Luka Doncic (Feb. 2), Kings forward Precious Achiuwa (Feb. 4), and Spurs guard De’Aaron Fox (Feb. 4).
Additionally, there are several players who won’t become trade-eligible at all prior to this season’s February 6 deadline, including reigning MVP Shai Gilgeous-Alexander.
Players on 10-day contracts are also ineligible to be traded.