Giannis Antetokounmpo era to end in Milwaukee as Bucks will send two-time MVP to Miami Heat for young core

The Milwaukee Bucks are trading two-time MVP Giannis Antetokounmpo and guardant Bobby Portis to nan Miami Heat, closing nan book connected a historical tally that delivered Milwaukee its first NBA title successful 50 years.

Per ESPN's Shams Charania, Miami will get Antetokounmpo and Portis successful speech for Tyler Herro, Kel'el Ware, Jaime Jaquez Jr. and Kasparas Jakucionis, on pinch 3 early first-round picks, nan No. 13 prime successful Tuesday's draft, a early prime switch and a second-round pick.

Giannis Antetokounmpo of nan Milwaukee Bucks looks connected against nan Oklahoma City Thunder during nan first 4th astatine Fiserv Forum successful Milwaukee, Wis., connected Jan. 21, 2026. (Patrick McDermott/Getty Images)

The Boston Celtics and Heat gained steam arsenic nan starring suitors successful nan Giannis sweepstakes connected nan eve of nan NBA Draft.

The waste and acquisition comes aft years of uncertainty surrounding Milwaukee's guidance pursuing nan departure of championship-winning caput coach Mike Budenholzer successful 2023 and caps a dependable diminution that culminated successful nan Bucks missing nan 2026 playoffs.

BUCKS APPEAR WILLING TO HEAR OFFERS FOR GIANNIS ANTETOKOUNMPO: REPORT

Antetokounmpo, 31, delivered nan franchise's first title successful 50 years successful 2021 and cemented his spot among nan top players successful squad history. He was named 1 of nan NBA's apical 75 players ever and is simply a 2 clip MVP and was MVP of nan Finals.

Giannis Antetokounmpo of nan Milwaukee Bucks walks connected nan tribunal during warmups earlier a crippled against nan Utah Jazz astatine nan Delta Center successful Salt Lake City, Utah, connected March 19, 2026. (Chris Gardner/Getty Images)

But aft several disappointing post-title seasons and an injury-plagued 2025-26 campaign, nan Bucks chose to pivot toward nan future. The squad sidelined Giannis against his wishes toward nan extremity of nan season.

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Rather than stay tied to an costly roster pinch constricted flexibility, Milwaukee capitalized connected Antetokounmpo's value.

Miami emerged from a crowded section of suitors to onshore 1 of nan league's biggest stars, signaling Riley's continued willingness to sacrifice early assets successful pursuit of different title. And Heat president Pat Riley yet landed nan franchise cornerstone he has pursued for years.

Milwaukee Bucks guardant Giannis Antetokounmpo walks disconnected nan tribunal aft an NBA crippled against nan Brooklyn Nets successful Milwaukee connected April 10, 2026. (Jeffrey Phelps/AP)

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