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Bucks agree to trade Giannis Antetokounmpo to Heat for Tyler Herro, Kel’el Ware, more: Report

Seeking a trade due to playoff frustration, Antetokounmpo departs Milwaukee for Miami, with the Bucks receiving four young players and three first-round picks.

  • On Monday night, the Milwaukee Bucks agreed to trade franchise icon Giannis Antetokounmpo and Bobby Portis to the Miami Heat for Tyler Herro, three first-round picks including the 13th selection in Tuesday's draft, and additional assets, sources said.
  • Persistent team struggles, including a 32-50 record last season, prompted Antetokounmpo to request a trade multiple times between May 2025 and May 2026, leading the Bucks to negotiate with finalists Miami and Boston.
  • Miami sends Kel'el Ware, Jaime Jaquez Jr., and Kasparas Jakucionis to Milwaukee to acquire the two-time NBA MVP, mirroring past Heat strategies of landing superstars like LeBron James and Shaquille O'Neal.
  • Both teams will execute the trade on July 6, with Miami planning to pair Antetokounmpo with Bam Adebayo to challenge for Eastern Conference dominance after finishing 10th in the East last season.
  • Milwaukee general manager Jon Horst secured significant draft capital and young talent in the deal, while the Heat presume they will sign the Greek superstar to a massive extension later this year.
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Grading Giannis trade to Heat: Blockbuster deal's ripple effects on East contenders

Here are the grades for each party involved in the Giannis Antetokounmpo trade to the Miami Heat.

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Respect My Region broke the news on Monday, June 22, 2026.
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