Milwaukee Bucks Trade Giannis Antetokounmpo and Bobby Portis to Miami Heat

The Milwaukee Bucks agreed to trade Giannis Antetokounmpo and Bobby Portis to the Miami Heat. , Kasparas Jakucionis, the No. 13 pick in the 2026 NBA draft, unprotected first-round picks in 2031 and 2033, a first-round pick swap in 2030 and a 2033 second-round pick.

The transaction is a direct two-team deal with no other clubs involved. Both sides will execute the trade on July 6. Antetokounmpo had one guaranteed year remaining on his contract plus a 2027 player option at the time of the agreement.

The Boston Celtics offered Jaylen Brown and two first-round picks for Antetokounmpo. The Bucks selected the Heat package after negotiations with both teams, citing greater flexibility and long-term competitiveness. General managers Jon Horst and Andy Elisburg finalized the terms Monday night.

Antetokounmpo had expressed willingness to sign a long-term extension with the Heat, Celtics or Timberwolves. The Bucks hired Taylor Jenkins as head coach before completing the deal. Tyler Herro, who grew up near Milwaukee and attended Whitnall High School in Greenfield, Wisconsin, made the All-Star team in 2025 and averaged 19.5 points per game over seven seasons with the Heat, according to ESPN.

The 26-year-old appeared in 33 games last season after left-foot surgery in September. Jaquez, 25, averaged 15.4 points, 5.0 rebounds and 4.7 assists in 75 games and finished second in Sixth Man of the Year voting. Ware, 22, posted 11.0 points and 9.0 rebounds per game.

Jakucionis, 20, was the No. 20 pick in the prior draft and averaged 6.2 points in 17.8 minutes per game.