According to NBA insider Marc Stein, the Portland Trail Blazers and Miami Heat are the two teams pushing hardest for a trade for Milwaukee Bucks superstar Giannis Antetokounmpo. Bucks ownership has indicated it will trade the 31-year-old before the final year of his contract if he does not sign an extension this summer. Stein also mentioned the Orlando Magic as a potential fit after the team hired Sean Sweeney as head coach, who grew close with Antetokounmpo during his time in Milwaukee. The Heat can offer a package including Tyler Herro, Kel’el Ware, Kasparas Jakucionis, the No. 13 overall pick in 2026, and future first-round picks. The Trail Blazers, who made their first playoff appearance in five years this season, own first-round swap rights with the Bucks from a previous trade and could construct a package around Jerami Grant and a young player. Stein reports that a trade could happen within the next three weeks.
What’s reported
Bucks ownership will trade Giannis Antetokounmpo before the final year of his contract if he does not sign an extension this summer.
According to Marc Stein, the Portland Trail Blazers and Miami Heat are the two most aggressive suitors for Antetokounmpo.
Stein also noted the Orlando Magic as a potential fit after hiring Sean Sweeney, who was close with Antetokounmpo in Milwaukee.
Miami’s potential package includes Tyler Herro, Kel’el Ware, Kasparas Jakucionis, the No. 13 pick in the 2026 NBA Draft, a 2030 first-rounder, and a 2032 first-rounder.
Portland’s possible package could include returning the pick swaps it owns from the Bucks (2028 and 2030), Jerami Grant (two years, $70.6 million remaining), a young player like Scoot Henderson or Shaedon Sharpe, and an unprotected 2032 first-round pick.
The Trail Blazers have new owner Tom Dundon, who has hinted at approving big trades.
Stein reports an Antetokounmpo trade could happen within the next three weeks.
Open questions
Whether Antetokounmpo will sign a max extension or be traded, and which specific trade package or team will ultimately prevail.
Key figures
Giannis Antetokounmpo (Milwaukee Bucks superstar)
Marc Stein (NBA insider)
Pat Riley (Miami Heat executive)
Tom Dundon (Portland Trail Blazers owner)
Sean Sweeney (Orlando Magic head coach)
Tyler Herro, Kel’el Ware, Kasparas Jakucionis (Miami Heat players)
Jerami Grant, Scoot Henderson, Shaedon Sharpe (Portland Trail Blazers players)
Sam Presti (Oklahoma City Thunder executive)
Brian Windhorst (ESPN reporter)
Sources: sbnation.com