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Sources: Bucks trading Giannis to Heat for huge ha...

ESPN · Jun 23, 2026, 4:53 AM · Also reported by 1 other source

Key takeaways

  • The Milwaukee Bucks are trading franchise icon Giannis Antetokounmpo and Bobby Portis to the Miami Heat for Tyler Herro, Kel'el Ware, Jaime Jaquez Jr., Kasparas Jakucionis, three first-round picks (including No.
  • The Heat are sending to Milwaukee unprotected first-rounders in 2031 and 2033 along with No. 13, a pick swap in 2030 and a 2033 second-rounder, according to sources.
  • Last June, the Phoenix Suns and Houston Rockets agreed to a deal that ultimately increased to a historic seven-team trade.

Why this matters: a sports story that could shift standings, legacies, or fan conversations.

The Milwaukee Bucks are trading franchise icon Giannis Antetokounmpo and Bobby Portis to the Miami Heat for Tyler Herro, Kel'el Ware, Jaime Jaquez Jr., Kasparas Jakucionis, three first-round picks (including No. 13 in Tuesday's NBA draft), one pick swap and one second-round pick, sources told ESPN.

The Heat are sending to Milwaukee unprotected first-rounders in 2031 and 2033 along with No. 13, a pick swap in 2030 and a 2033 second-rounder, according to sources.

The trade does not include any additional teams -- it is a one-to-one move, sources said -- but both the Heat and Bucks will execute the deal on July 6, which leaves the framework open to see if there are opportunities to expand. Last June, the Phoenix Suns and Houston Rockets agreed to a deal that ultimately increased to a historic seven-team trade.

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