Giannis Antetokounmpo traded from Bucks to Miami Heat in blockbuster deal

The Milwaukee Bucks sent two-time MVP Giannis Antetokounmpo and forward Bobby Portis to the Miami Heat in exchange for guard Tyler Herro, forward Jaime Jaquez Jr., center Kel’el Ware, forward Kasparas Jakucionis and a package of draft picks that includes a No. 13 selection in the upcoming draft and multiple first‑round and second‑round picks through 2033. The trade ends Antetokounmpo’s 13‑year tenure with Milwaukee, during which he led the franchise to its first championship in 50 years in 2021 and became the team’s all‑time leader in points, rebounds, assists, blocks, games and minutes.

Fans in Milwaukee have been paying tribute to the departing star, leaving mementos at the 54‑by‑56‑foot mural of Antetokounmpo that remains on a downtown building. The Heat intend to rebuild around Antetokounmpo and Bam Adebayo, but the sizable contract will force them to move other high‑salary pieces. All‑Star wing Norman Powell, who posted career‑best numbers last season, is expected to be traded, with the Detroit Pistons identified as a likely destination as they seek to add shooting and playmaking around guard Cade Cunningham.

The transaction also triggers financial ripple effects for Miami, which must navigate its mid‑level and trade exceptions while retooling its roster depth. The Heat’s front office, led by Pat Riley, views Antetokounmpo as a franchise cornerstone, reshaping the team’s roster construction for the coming years.