Cavs Rumors: Giannis, Hunter, Ball, Lakers, Ellis, More
While there have been no indications to this point that the Cavaliers are considering making an offer for Giannis Antetokounmpo, the possibility can’t be ruled out, according to Chris Fedor of Cleveland.com (subscriber link).
“It’s Giannis,” a rival NBA executive told Fedor. “Nothing more needs to be said.”
As Fedor writes, the Cleveland’s pathway to a potential deal for the Bucks superstar would be very complicated and would require a significant reduction in payroll — as a second-apron team, the Cavaliers can’t currently aggregate salaries for matching purposes and can’t take in more money than they send out. So in that sense, a Giannis trade is a long shot.
On the other hand, sources tell Fedor that the Cavs have been aggressively looking for roster upgrades ahead of the deadline, and they also have one of the top players who could theoretically be dangled in talks for Antetokounmpo — Evan Mobley, last year’s Defensive Player of the Year. On the Hoop Collective podcast (YouTube link), ESPN’s Brian Windhorst also pointed to Mobley as a centerpiece to a potential Cavs offer.
The Cavaliers, who have dealt with several injuries in 2025/26, have underachieved this season and are facing pressure to contend for championships. No individual player they could theoretically acquire would be remotely as impactful as Antetokounmpo, who has finished top four in MVP voting each of the past seven years.
Still, Cleveland is on the upswing, Fedor notes, having won five straight games and seven of the past eight. The front office has also yet to show any desire to make that sort of drastic mid-season overhaul, with blockbuster moves viewed as more likely to occur in the offseason, depending on what happens in the playoffs.
Here are a few more highlights from Fedor’s report:
- Fedor continues to hear De’Andre Hunter and Lonzo Ball are the most likely Cavs to be headed out of Cleveland in the coming days. Confirming reporting from Brett Siegel of ClutchPoints, Fedor says the Cavaliers have discussed a trade framework with the Lakers that would send Hunter to Los Angeles in exchange for Rui Hachimura and Dalton Knecht. Sources tell Fedor the Lakers have also countered by offering the expiring contracts of Gabe Vincent and Maxi Kleber. Those talks have involved a third team as well — Fedor doesn’t specify which club it is, but Siegel said it was the Nets.
- Before they reportedly started listening to offers for Giannis, the Bucks explored the possibility of acquiring Hunter using a package built around Bobby Portis. The Cavs declined that proposal, sources tell Fedor.
- Fedor confirms the Cavs are one of many suitors for Kings guard Keon Ellis, noting that Malik Monk could be included as well if Hunter is sent to Sacramento.
- Reiterating a point he previously made, Fedor says the Cavs are eyeing Mavericks forward Naji Marshall. The framework would involve Ball and unspecified draft assets being sent to Dallas, though Fedor points out that Marshall has drawn interest from multiple teams. It’s also unclear if the Cavs would be willing to part with their lone tradable first-round pick (either 2031 or 2032) for a role player, even a quality one like Marshall.
- Bulls guard Ayo Dosunmu, Pelicans forward Saddiq Bey and Wizards forward Justin Champagnie are among the other players who might interest the Cavs, Fedor writes.
Giannis Trade Rumors: Timeline, Lakers, Sixers, Raptors
Although the Bucks are more willing than ever to consider trading two-time MVP Giannis Antetokounmpo, the widespread expectation around the league is that the Giannis saga will extend to at least Thursday and potentially well beyond that, according to Tim Bontemps and Brian Windhorst of ESPN.
As Bontemps and Windhorst note, general manager Jon Horst and the Bucks won’t want to rush into an Antetokounmpo trade without making sure they’re getting the best deal they can. Three sources who spoke to ESPN speculated Milwaukee will decide not to pull the trigger until the offseason.
“I’m just not sure why it wouldn’t make sense to wait,” an Eastern Conference scout said. “They can see where the draft (lottery) is, and survey their options then.”
Several of the teams involved in the Antetokounmpo sweepstakes will be in position to offer stronger trade packages in the summer. For example, the Knicks don’t have any of their own first-rounders to move now, but could put two (2026 and 2033) on the table in the offseason. The Heat have two of their own first-round selections available right now, but could offer as many as four (one would be conditional) in June.
Additionally, Bontemps and Windhorst write, the fact that Antetokounmpo is currently out indefinitely due to a calf strain is another factor for the Bucks to consider as they decide whether or not to wait. If Milwaukee plans to pivot into tank mode to improve its 2026 first-rounder (the team controls the last favorable of its own pick and the Pelicans’ pick), hanging onto the superstar forward and shutting him down may be the best way to do so.
Here’s more on Antetokounmpo:
- Appearing on The Zach Lowe Show (Spotify link; 19:00 mark), Howard Beck of The Ringer suggested the Lakers may appeal to Antetokounmpo as a landing spot. “I was told recently that the Lakers were a team to keep an eye on from Giannis’ standpoint, just as another team of interest,” Beck said. However, he acknowledged that Los Angeles probably doesn’t have the pieces necessary to make a strong offer, at least until the offseason. The Lakers can only offer one first-round pick (2031 or 2032) right now, but could include up to three (2026, 2031, and 2033) in an offseason package.
- While one Thursday report suggested Antetokounmpo is intrigued by the idea of teaming up with Tyrese Maxey in Philadelphia, there has been no indication to this point that the Sixers are planning to make a play for the nine-time All-Star. In fact, Kyle Neubeck of PHLY Sports (Twitter link) spoke to a league source who “completely shot down” the idea that Philadelphia would be willing to include standout rookie VJ Edgecombe in an offer for anyone on the trade market, including Giannis.
- Michael Grange of Sportsnet.ca spoke to several sources around the NBA about what it would take for the Raptors to acquire Antetokounmpo, and the general consensus was that the Bucks would be unlikely to make a deal that doesn’t include Scottie Barnes. One executive who talked to Grange suggested that Toronto could still make a competitive proposal centered around draft assets (four first-round picks and three pick swaps) and promising youngsters like Collin Murray-Boyles and Jamal Shead, but Grange views either scenario as a long shot.
- In the latest episode of the Hoop Collective podcast, ESPN’s Brian Windhorst (YouTube link) observes that teams pursuing Antetokounmpo will have to determine not just whether they’re comfortable giving up a huge trade package for him, but also whether they want to do a four-year extension projected to be worth $275MM when he becomes eligible in October. That contract would begin in 2027/28, his age-33 season. “I think most teams would say yes, but I’m not sure everybody would. In fact, I know that,” Windhorst said. “There’s one team I talked to who would be able to put a package together, a pretty compelling package, and they said, ‘We’re just not crazy about that contract, with our other options that we can do. Just don’t know if we want to commit to $275MM to him.’ And you can’t trade all that stuff if you’re not that committed to him.”
Nets May Make Offer For Giannis Antetokounmpo
Although the Nets clearly aren’t focused on winning games this season, they’ve long had their sights set on Giannis Antetokounmpo and their rebuild shouldn’t prevent them from making an offer for the Bucks superstar, says Brian Lewis of The New York Post (subscriber link). Multiple sources Lewis has spoken to said the Nets plan to be competitive in 2026/27.
“Then this is their moment,” one league source told The Post. “Really depends on if they decide that their aimless tank is over. They could sure make the best offer.”
As Lewis writes, “best” is a relative term and an ideal offer for Milwaukee depends on what the team is prioritizing. But the Nets certainly have a large stash of draft assets if they decide to pursue the two-time MVP.
On the latest edition of the Hoop Collective podcast (YouTube link), ESPN’s Brian Windhorst agreed that the Nets could be a suitor for Antetokounmpo, Lewis notes.
“Brooklyn has 10 tradable firsts, Michael Porter Jr. and 11 tradable firsts as of draft night,” Windhorst said. “… I think Brooklyn will seriously consider making an offer.”
Lewis’ aforementioned source assumed Porter would be involved in an outgoing package for Giannis, but an assistant GM thought the 27-year-old forward would be more likely to stay in Brooklyn, speculating that Nic Claxton and Terance Mann would be included instead for salary-matching purposes.
“The Nets make a lot of sense for him,” one Eastern Conference assistant GM told Lewis. “They have some good future picks. [They] could, in theory, trade five future [first-round] picks, keep this year’s pick, shut him down for the year? Tank?“
Knicks Rumors: KAT, Giannis, Yabusele, Targets, Bridges
The Knicks reportedly spoke to the Bucks about a possible Giannis Antetokounmpo trade last offseason after the two-time MVP identified New York as a preferred landing spot, but those talks didn’t go anywhere. That could be partly because Karl-Anthony Towns was rumored to be the Knicks’ outgoing salary, and some people around the league don’t highly value the former No. 1 overall pick.
“I don’t think there is a [trade] market for KAT,” an NBA executive told Stefan Bondy of The New York Post (subscriber link). “Not that he is a bad player, but he’s not a winning player. … It’s too much money to spend on him.”
Knicks sources tell Sam Amick of The Athletic that the offseason trade talks involving the two big men created “hard feelings” between Towns and the front office that “remain to this day.”
For his part, Towns downplayed his name being involved in recent trade chatter, Bondy writes in another story. The five-time All-Star has known Leon Rose for years, as the Knicks’ president was Towns’ former agent at CAA, but they haven’t spoken about any of the speculation.
“I feel like I’ve been in trade rumors a lot for a lot of times, for a year damn near. That don’t matter to me,” said Towns, who was traded from the Timberwolves to the Knicks before last season. “I don’t look at social media or none of that stuff. I focus on the job on hand which is trying to get wins every single night. As long as I do that, I do my job, I go home happy and I feel accomplished. I’m not worried about what anybody got to say or people write or anything like that.”
Here are a few more rumors and notes from New York:
- According to Bondy, the Knicks remain highly interested in Antetokounmpo, but Milwaukee is reportedly looking for “blue-chip young talent” and several draft picks in any deal involving the nine-time All-NBA forward, and New York simply lacks the necessary assets to have a competitive bid compared to other teams, which control their future first-round picks. Unless Antetokounmpo specifically requests to be traded to the Knicks, they’re a “long shot” to land him, says Bondy. Of course, even if Giannis does prefer to play in New York, the Bucks aren’t obligated to fulfill the request. New York’s odds of landing Antetokounmpo would theoretically improve in the offseason, Bondy notes, when the team will have two first-round picks to trade, as opposed to the top-eight protected 2026 first-round pick the Knicks currently control from the Wizards that will likely turn into two second-rounders.
- The Knicks are still actively looking to unload Guerschon Yabusele‘s contract and have been talking to multiple teams about possible trades, Bondy reports (subscription required). Bondy continues to hear Pelicans guard Jose Alvarado is on the team’s radar, and confirms Yves Missi is as well. Kings guard Keon Ellis is another player who has fans in the Knicks organization, a source tells Bondy.
- Yabusele, a french forward/center, holds a $5.8MM player option for next season. When asked about the possibility of returning to the EuroLeague at some point, Yabusele didn’t rule it out but said his focus is on the NBA, per Toni Canyameras of Spanish outlet Mundo Deportivo (Twitter video link). “I feel like that’s a good question,” Yabusele said. “I definitely don’t know what tomorrow is going to be like or anything like that. But I never close my door on anything. Obviously it was so [difficult to make it back] to the NBA [that I’m focused on staying] in the NBA, but we will see what opportunities present themselves. There’s definitely going to be a conversation to have, and [we’ll] see what the [European options are]. We will see. I will never say never [to a potential return].”
- Veteran wing Mikal Bridges has been in a slump for most of the past month, but he torched the Raptors in Wednesday’s win at Toronto, finishing with 30 points on 12-of-15 shooting in 36 minutes. Bridges, a Philadelphia native who played college ball at Villanova, struggled in Saturday’s loss in Philly, scoring just nine points on 3-of-16 shooting. He said that game served as something of a wake-up call (Twitter video link via Knicks on MSG). “I think a lot of it comes from not just shooting the ball, I think I just wasn’t playing how I was supposed to be playing. I think I wasn’t coachable enough,” Bridges said. “I don’t know what it was. Maybe I felt too much entitlement. Just kinda had to talk to myself a little bit about it and just be coachable and be the best teammate I can be and let the basketball speak for itself.”
Giannis Antetokounmpo Intrigued By Wolves, Sixers?
Confirming reporting from ESPN’s Shams Charania, Marc Stein and Jake Fischer of The Stein Line (Substack link) say the Timberwolves should be included among the group of teams considered serious suitors for Bucks star Giannis Antetokounmpo.
Minnesota doesn’t currently have a tradable first-round pick, but Stein and Fischer hear that Antetokounmpo has “quietly had the Timberwolves in his thoughts” for some time and would be very intrigued by the possibility of teaming up with star guard Anthony Edwards. While Giannis doesn’t hold a no-trade clause, he’ll have some leverage in the Bucks’ trade talks, since any potential trade partner would be reluctant to give up a massive haul for a player who could reach free agency and head elsewhere as soon as 2027.
As Stein and Fischer observe, the Wolves weren’t willing to include forward Jaden McDaniels in an offer for Kevin Durant last year and have been reluctant to make many of their higher-paid rotation players available this season as they scour the trade market for backcourt help. But the expectation is that they’d be much more open to discussing McDaniels and others as part of a potential package for Antetokounmpo.
Surveying the market for the two-time MVP, Stein and Fischer touch on several other teams, including Philadelphia. The Sixers haven’t contacted Milwaukee about a possible Giannis deal to this point, but they’re on his radar, according to The Stein Line’s duo, who point out that Antetokounmpo and Sixers star Tyrese Maxey both work with trainer Drew Hanlen.
Here are several more Giannis-related updates:
- Antetokounmpo’s potential interest in the Heat dates back to at least 2020, when he had Miami high on his list of possible landing spots if he didn’t sign an extension with the Bucks, per Stein and Fischer. He also reportedly had interest in joining the Knicks last summer. Still, it won’t be easy for either team to win a bidding war for the star forward. According to The Stein Line, some sources around the NBA have wondered whether New York missed its window to land Giannis and believe that a complicated multi-team framework would be necessary to get him to the Knicks at this point.
- According to Stein and Fischer, several rival front offices have wondered if the Bucks are trying to establish asking prices with potential Antetokounmpo suitors now before holding a full-fledged auction in the summer, when several teams will have more tradable first-round picks available. “They’re asking for the moon,” one general manager told The Stein Line on Thursday. “All of your young players and all of your draft picks.”
- Early indications are that the Hawks haven’t entered the Antetokounmpo sweepstakes and don’t intend to, Stein and Fischer write. That echoes reporting from Sam Amick of The Athletic, who said Hawks team officials were conveying on Wednesday that they aren’t involved on Giannis and are taking a long-term approach with their roster. Forward Jalen Johnson and the Hawks’ most favorable 2026 first-round pick (either the Pelicans’ or Bucks’ selection) would be extremely valuable trade chips, but Atlanta reportedly isn’t interested in parting with either one and has some reservations about how Antetokounmpo and Johnson would fit together, per Stein and Fischer.
Giannis Antetokounmpo Rumors: Wolves, Warriors, Heat, More
The Timberwolves are among the most serious suitors for Giannis Antetokounmpo, league sources tell ESPN’s Shams Charania. Charania reported on Wednesday that the Bucks star is “ready for a new home” and that Milwaukee is showing more willingness than ever to listen to offers for the two-time MVP.
While Timberwolves president of basketball operations Tim Connelly is one of the NBA’s most aggressive front office executives, it’s difficult to envision Minnesota putting together a package that would appeal to the Bucks. The Wolves don’t have any tradable first-round picks, so an offer would would have to be heavy on player value. With Anthony Edwards off the table, a package would probably start with Jaden McDaniels, Naz Reid, and Donte DiVincenzo.
As talented as those players are, none are All-Stars. Plus, ESPN’s Brian Windhorst (YouTube link) anticipates that the Bucks would be seeking a more draft-heavy return if they end up moving Antetokounmpo.
“They have to prioritize the draft,” Windhorst said. “This year’s draft and their pick situation going forward. Their future is going to be tied to (the) draft.”
Here are several more Giannis-related rumors, a week out from the February 5 deadline:
- The Warriors have contacted the Bucks within the past week to convey their “firm” interest in Antetokounmpo and to make it clear they’re prepared to make a strong offer, reports Anthony Slater of ESPN. While Golden State isn’t actively shopping Jimmy Butler, he would be on the table in a Giannis scenario for salary-matching purposes, according to Slater, who adds that the Bucks have some interest in Warriors forward Jonathan Kuminga. Milwaukee native Brandin Podziemski could also be a factor in those trade talks, Slater notes.
- Ira Winderman of The South Florida Sun Sentinel (subscription required) considers what the Heat‘s best deadline for offer for Antetokounmpo might look like, suggesting it would probably consist of Tyler Herro, Kel’el Ware, Jaime Jaquez Jr., Kasparas Jakucionis, Terry Rozier‘s expiring contract, and Miami’s two tradable first-round picks.
- The Rockets are unlikely to get involved in the Antetokounmpo sweepstakes, ESPN’s Tim MacMahon said in the latest episode of the Hoop Collective podcast (YouTube link). “I have been told that the Rockets will not be bidders,” MacMahon said. “Now, hey, nobody was under oath, but I’ve been told that repeatedly and I’ll say that they’ve got a pretty good track record of shooting me straight.”
- MacMahon also doesn’t anticipate the Spurs being a player for Antetokounmpo. “I have been told by folks with the Spurs, ‘We’re not a home for Giannis,'” he said on the Hoop Collective podcast (YouTube link). “And there’s been a lot of smoke going back to the summer, but everything in San Antonio is about the (Victor Wembanyama) timeline, and this is a decade past the Wemby timeline when you bring in Giannis at his age.”
- The Thunder have more than enough assets to make a strong offer for Antetokounmpo, but they shouldn’t – and likely won’t – seriously entertain the idea, according to Rylan Stiles of SI.com, who suggests that making a move for a veteran star like Giannis would shorten Oklahoma City’s window of championship contention.
Pacific Notes: Warriors, James, Clippers, Brooks
Many factors will go into any trade for Giannis Antetokounmpo, but among realistic suitors, the Warriors could have the cleanest path to putting together a compelling trade package, writes ESPN’s Bobby Marks.
Marks looks at 11 teams who could potentially make a move for the Bucks’ star. Among those 11, he has the Warriors and Pistons tied for the lowest degree of difficulty in terms of making an enticing offer due to the two teams’ combination of young players, salary-matching contracts, and available draft picks.
He notes that Jimmy Butler‘s two-year, $111MM contract would be required in any deal for Antetokounmpo, and that the Warriors could then include Jonathan Kuminga, Brandin Podziemski, four first-round picks (including one in this year’s loaded draft) and up to three pick swaps. Such a deal would require taking back either Bobby Portis or Kyle Kuzma, whom the Bucks would likely be interested in moving off.
While Antetokounmpo’s preference will likely come into play in any deal, the number of picks the Warriors can offer should appeal to the Bucks. By comparison the Heat can only offer two first-rounders starting in 2030, while the Knicks can’t trade a first-round selection until the offseason outside of a protected Wizards 2026 pick that is unlikely to convey.
We have more from around the Pacific Division:
- LeBron James is almost certain to stay with the Lakers through this trade deadline, but some in his circle have speculated he could play another season in the NBA somewhere outside of Los Angeles, reports Shams Charania for ESPN (YouTube video link). “If he does actually play one more season, there is definitely chatter,” Sharania said. “Where could that be? Could that be in Cleveland? Where could that be? Could it be back in L.A.?” Charania emphasized that James’ focus at present is playing out the year with the Lakers, who will be active trying to improve the team at the trade deadline.
- With Patrick Baldwin Jr.‘s 10-day deal having expired, the under-15 clock is back on for the Clippers, notes Spotrac’s Keith Smith (via Twitter). This rule prevents a team from having its two-way players active for more than 90 combined games while carrying fewer than 15 players on its standard roster. Unless the team re-adds a 15th man, Los Angeles has just five more games in which both Kobe Sanders and Jordan Miller can be active. Converting one of the two of them to a standard contract after the trade deadline could solve the issue, with Miller looking the more likely candidate for a promotion. The third-year wing has averaged 14.3 points in 28.5 minutes per game over his last 10 games.
- A technical foul that Dillon Brooks received in the second quarter of Tuesday’s game between the Suns and Nets, the NBA announced (Twitter link). This puts Brooks at a league-leading 14 technicals for the season, one ahead of the Lakers’ Luka Doncic, which means he’s still two techs away from a one-game suspension.
Warriors, Heat Have Discussed Andrew Wiggins
The Warriors and Heat have had conversations about the possibility of a trade that would send forward Andrew Wiggins back to Golden State, according to reports from Jake Fischer of The Stein Line (Substack link) and Brett Siegel of ClutchPoints.
Wiggins was initially dealt from the Warriors to the Heat in the Jimmy Butler blockbuster at last season’s trade deadline. However, with Butler recovering from an ACL tear and Kuminga’s days in Golden State seemingly numbered, the Warriors’ search for help on the wing has led them back to the former No. 1 overall pick, who is still highly regarded within the organization, sources tell Siegel.
A Golden State offer for Wiggins would almost certainly start with Kuminga, and Miami has shown some interest in acquiring the fifth-year forward, according to Siegel. Still, there are several factors which could complicate talks between the two clubs.
For one, chatter around the NBA indicates the Heat have been seeking at least one first-round pick in exchange for Wiggins, per Siegel. It’s unclear whether the Warriors have conveyed a willingness to put a first-rounder on the table.
Golden State is also operating right up against a second-apron hard cap and would need to add more salary beyond Kuminga’s $22.5MM cap hit to take back Wiggins, who is earning $28.2MM this season, with a $30.2MM player option for 2026/27. Adding Moses Moody ($11.6MM) or Buddy Hield ($9.2MM) would make it a legal trade for the Warriors, but the Heat would have their own reservations about taking on much additional money, since they’re operating just $1.6MM below the luxury tax line.
Finally, if they do part with Wiggins, the Heat would prefer to use his salary to bring back a star-level player, Fischer writes. Bucks forward Giannis Antetokounmpo is one such player, and the fact that both Miami and Golden State reportedly covet the two-time MVP would presumably make it more difficult for the two teams to work out a separate trade that could impact their chances of making a play for Giannis.
The Bucks have “long coveted” Wiggins, according to Fischer, though he points out that Milwaukee’s interest in the 30-year-old has been framed as part of the team’s efforts to upgrade its roster around Antetokounmpo. It remains to be seen whether Wiggins would still appeal to the Bucks as part of a package for Giannis.
In 43 games (all starts) for the Heat this season, Wiggins has averaged 15.7 points, 5.0 rebounds, 2.9 assists, and 1.2 steals in 31.3 minutes per night, with a shooting line of .470/.390/.789.
Giannis Reportedly ‘Ready For New Home’; Bucks Listening To Offers
Bucks star Giannis Antetokounmpo is “ready for a new home,” either at next week’s trade deadline or this offseason, reports ESPN’s Shams Charania.
According to Charania, multiple teams have made “aggressive” trade offers for Antetokounmpo and the Bucks have begun listening to those pitches. While rival clubs have gotten the sense that Milwaukee is more open than ever to weighing offers on or before February 5, the Bucks have conveyed that they’re willing to wait until the summer to address the forward’s future if their asking price isn’t met, Charania writes.
Sources tell ESPN that the Bucks are believed to be seeking “blue-chip young talent” and several draft picks in any deal involving the two-time MVP. Waiting until after the 2026 draft lottery to make a deal could give Milwaukee a clearer sense of exactly which picks teams are prepared to offer for Antetokounmpo, Charania notes.
Antetokounmpo told The Athletic earlier this month that he’ll “never” come out and say he wants a trade, and that it’s not in his nature to make such a request. However, Charania hears that Giannis and the Bucks have had “honest and open conversations” about the future and that the 31-year-old has suggested to the team “for months” that he thinks it may be time to part ways.
The Knicks reportedly spoke to the Bucks about a possible Antetokounmpo trade last offseason after Giannis identified New York as a preferred landing spot. Those talks didn’t go anywhere, but Ian Begley of SNY.tv tweets that the Knicks will be among the teams aggressively pursuing Giannis now that Milwaukee is apparently prepared to open up the bidding to a larger group of suitors.
The Heat will also be in pursuit of Antetokounmpo, tweets Barry Jackson of The Miami Herald. As we relayed earlier today, a Marc Stein report named Miami as a possible frontrunner for the Greek star, with Stein citing a “vibe of confidence” coming from the Heat.
Although the Knicks and Heat will be among the teams trying to land Antetokounmpo, neither club is loaded with the type of draft assets that the Bucks would presumably be seeking in a blockbuster of this magnitude. The Knicks don’t currently have any tradable first-round picks, while Miami can offer just two first-rounders as a result of a protected 2027 pick owed to Charlotte that creates Stepien rule complications.
As Yossi Gozlan of The Third Apron points out (via Twitter), both teams would be better equipped to pursue Giannis in the offseason, when the Heat could offer up to four first-round picks (one would be conditional) and the Knicks could offer two.
The Warriors are also considered a likely suitor for Antetokounmpo, with Brett Siegel of ClutchPoints referring to him as Joe Lacob‘s “dream” trade target. Golden State has indicated it would be willing to offer a package that includes Jimmy Butler (who recently suffered an ACL tear), Jonathan Kuminga, and multiple draft picks, sources tell Chris Mannix of SI.com.
The Warriors have traded their 2030 first-round pick with top-20 protection, but could still offer first-rounders in 2026, 2028, and 2032, and could even include that ’30 pick in a package by attaching 21-30 protection.
The Raptors are another club with legitimate interest in Giannis, Siegel adds. Toronto controls all of its future first-round selections.
Trade speculation has swirled around Antetokounmpo for years and has gained steam since last spring, when the Bucks were eliminated in the first round of the playoffs for a third straight year as star point guard Damian Lillard suffered an Achilles tear.
Milwaukee’s front office aggressively reshaped the roster around Giannis in the offseason, waiving and stretching the final two years of Lillard’s maximum-salary contract in order to bring in center Myles Turner, one of the top free agents on the market. But those moves haven’t paid dividends for the Bucks, who fell to 18-27 on the season on Tuesday and are three-and-a-half games out of a play-in spot in the Eastern Conference.
The Bucks have scoured the trade market during the season and made players like Kyle Kuzma and Bobby Portis available as they look to improve their roster, but they haven’t gained traction on any deal they like. Charania suggests Antetokounmpo’s uncertain future and Milwaukee’s lack of appealing trade assets have complicated that search for roster upgrades.
Jake Fischer of The Stein Line reported over the weekend that rival teams believed the prospect of an Antetokounmpo trade was becoming more realistic. Reiterating that point today, Fischer says (via Twitter) multiple sources viewed last Wednesday’s loss to Oklahoma City – and Giannis’ comments after the game – as a point of no return for the Bucks and their longtime star.
Charania reported last week that Antetokounmpo’s frustration level was at an “all-time high” and writes within his latest story that the uncertainty around the forward’s future has resulted in some unease and tension in the Bucks’ locker room.
Antetokounmpo is currently sidelined by a calf strain and appears unlikely to suit up again before next Thursday’s trade deadline. The Bucks haven’t provided a projected timeline for his recovery, but Giannis predicted after sustaining the injury last Friday that he’d be out for four-to-six weeks.
With Milwaukee struggling to win games and Antetokounmpo not expected to play anytime soon, the team could be incentivized to pivot to tanking mode – with or without a Giannis trade – during the second half of the season in order to secure a favorable pick in the 2026 draft. The Bucks don’t control their own selection, but they’ll have the last favorable of the Pelicans’ first-rounder and their own — given that New Orleans holds a 12-37 pick, even the lesser of those two picks should end up firmly in the lottery.
Antetokounmpo is earning $54.1MM this season, with a guaranteed $58.5MM salary for 2026/27 and a $62.8MM player option for ’27/28. He’ll be eligible to sign a new maximum-salary extension as of this October.
Heat May Have Best Chance For Giannis Antetokounmpo Deal By Deadline
There are mixed signals on the Giannis Antetokounmpo trade market, with sources from two teams telling Marc Stein of The Stein Line (subscription required) they believe a deal is possible before next week’s deadline, while a representative from another club expects the Bucks to wait until the offseason to get serious about parting with their franchise player.
League executives contacted by Stein consider the Heat to have the best chance at putting together a tempting deal for the Greek star. There’s also a “vibe of confidence” coming from Miami about a potential Antetokounmpo trade, according to Stein.
Stein states that the team’s best offer would be centered around Tyler Herro, Kel’el Ware and draft assets.
Herro is coming off an All-Star season, but injuries have limited him to 11 games so far this year and he’s currently dealing with a rib issue. He is only 26 and under contract for one more season at $33MM, and he would provide a reliable scoring threat to replace much of the production Milwaukee would lose by parting with Antetokounmpo.
Ware could be a long-term foundational piece for the Bucks’ frontcourt. The second-year center has shown a lot of promise and is averaging 11.6 points and 9.8 rebounds per game at age 21, but he’s also been a frequent target of public criticism from Miami coach Erik Spoelstra. Ware has two seasons left on his rookie contract and will become eligible for an extension next summer.
Miami controls all its future first-round draft capital, except for a pick that was sent to Charlotte in last year’s Terry Rozier trade. That pick is lottery-protected in 2027 and unprotected in 2028.
It appears the weight of constant trade speculation surrounding Antetokounmpo — coupled with his continued absence due to a right calf strain — is having an effect on the Bucks, who fell to 18-27 with Tuesday’s loss to Philadelphia, Stein adds.
“I can’t wait until all the deadlines and stuff pass … because we’re Rumor Central,” coach Doc Rivers said. “It’s unbelievable. Some true, some not true. I don’t know what half of it is true, but it’s a distraction at times for sure.”