June 23 (UPI) — The Milwaukee Bucks agreed to trade two-time MVP Giannis Antetokounmpo to the Miami Heat through a six-player deal that also involves six draft picks.
Sources told ESPN, The Athletic and the Miami Herald that the Bucks agreed to send Antetokounmpo and forward Bobby Portis to the Heat in exchange for guard Tyler Herro, center Kel’el Ware, guard Kasparas Jakucionis, forward Jaime Jaquez Jr., two unprotected first-round picks in the 2031 and 2033 NBA Drafts, the No. 13 overall pick in 2026, a pick swap in 2030 and a second-round pick in 2033.
Antetokounmpo, 31, averaged 24.1 points, 9.9 rebounds and 5.0 assists per game over 13 seasons in Milwaukee, including the Bucks’ 2020-21 championship run.
He averaged 27.6 points, 9.8 rebounds and 5.4 assists over 36 appearances last season, when he missed time due to a knee injury. The No. 15 overall pick in the 2013 NBA Draft is under contract for $58.4 million in 2026 and has a $62.7 million player option in 2027, but is expected to sign an extension with the Heat.
Portis, 31, averaged 12.1 points, 7.1 rebounds and 1.3 assists per game over his first 11 seasons in the NBA. He logged 13.6 points, 8.0 rebounds and 1.4 assists over the last six years in Milwaukee. Portis averaged 13.7 points per game last season. He is under contract for $14.5 million in 2026-27 and has a player option of $15.5 million available in 2027-28.
Herro, 26, averaged 19.5 points, 5.0 rebounds and 4.1 assists over his first seven seasons. The 2024-25 All-Star averaged 20.5 points last season. The No. 13 overall pick in the 2019 NBA Draft is under contract through next season.
Ware, 22, averaged 10.3 points and 8.3 rebounds per game over his first two seasons. The No. 15 overall pick in the 2024 NBA Draft has team options of $4.6 million in 2026-27 and $7.1 million in 2027-28.
Jaquez, 25, averaged 12.1 points, 4.4 rebounds and 3.3 assists per game over his first three seasons. The No. 18 overall pick in the 2023 NBA Draft has a team option of $5.9 million in 2026-27.
Jakucionis, 20, joined the Heat as the No. 20 overall pick in the 2025 NBA Draft. He averaged 6.2 points, 2.6 rebounds and 2.6 assists per game over 53 appearances during his rookie campaign. He has team options of $4 million in 2027-28 and $6.2 million in 2028-29.
The Heat-Bucks trade is expected to be executed July 6, which could result in another team being involved in the deal. With the acquisitions, the Heat’s odds to win the NBA title improved to place them within the Top 5 expected contenders.
The Heat went 43-39 last season, when they failed to make the playoffs for the first time since 2018-19. The Bucks went 32-50 in 2025-26, when they failed to make the playoffs for the first time since 2015-16.
The 2026 NBA Draft will be held Tuesday and Wednesday in Brooklyn.
