Miami Heat eye Giannis Antetokounmpo trade while securing Larsson and Mitchell contracts

Pelle Larsson said he is happy with his progress in his second season with the Miami Heat after the team’s play‑in tournament exit, noting increased minutes and a larger role in the offense. The Heat are expected to exercise a $2.3 million team option on Larsson, keeping him eligible for restricted free agency in 2027 and extension‑eligible in July.

Point guard Davion Mitchell is entering the final year of his contract, set to earn $12.4 million in 2026‑27. Head coach Erik Spoelstra praised Mitchell as an elite on‑ball defender and a key engine of the team’s pace. Italian forward Simone Fontecchio, who will become an unrestricted free agent next month, expressed a desire to stay in Miami and will represent Italy in the August 2027 World Cup qualifying window.

The Heat’s primary offseason objective is to acquire Giannis Antetokounmpo via trade. If that plan fails, they will pursue another star talent or, as a third option, preserve cap space for the summer of 2027 when Antetokounmpo could become a free agent. Upcoming NBA “3‑2‑1” lottery reform changes set to take effect next season are also being considered for their impact on the Heat’s roster strategy.