Story perspectives

Heat land Giannis Antetokounmpo, Portis in blockbuster trade

6/24/2026

Summary

Giannis Joins Heat

The Miami Heat acquired Giannis Antetokounmpo and Bobby Portis from Milwaukee on June 22, 2026.
Miami sent Tyler Herro, Kel’el Ware, Jaime Jaquez Jr., Kasparas Jakucionis, the No. 13 2026 pick, 2031 and 2033 first-round picks, a 2030 pick swap and a 2033 second-round pick to Milwaukee, which added two 2026 lottery picks (Nos. 10 and 13).
Giannis carries a $58.5 million 2026-27 salary, a $62.8 million 2027-28 option and can sign a four-year, $275 million extension starting Oct. 1, 2026.

Summary

Bucks Choose Miami

Bucks chose Miami’s offer because owner Jimmy Haslam feared a trade-request saga with Jaylen Brown.
Haslam prioritized certainty, valuing the Heat package’s controllable assets and draft capital, which the Bucks favored after NBA anti-tanking rules reduced future lottery value.
Boston’s refusal to include young talent Baylor Scheierman and Hugo González tipped the balance toward Miami.
Milwaukee will keep listening to Tyler Herro trade offers to stockpile picks for its rebuild.

History

Historical Context

On July 6 2019 the Los Angeles Lakers acquired Anthony Davis from the New Orleans Pelicans for Lonzo Ball, Brandon Ingram, Josh Hart and three first-round picks, sending Davis to LA. The move paired him with LeBron James, leading the Lakers to the 2020 NBA championship and sparking a league-wide shift toward high-cost, win-now significant trades.

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Giannis Joins Heat

The Miami Heat acquired Giannis Antetokounmpo and Bobby Portis from Milwaukee on June 22, 2026.
Miami sent Tyler Herro, Kel’el Ware, Jaime Jaquez Jr., Kasparas Jakucionis, the No. 13 2026 pick, 2031 and 2033 first-round picks, a 2030 pick swap and a 2033 second-round pick to Milwaukee, which added two 2026 lottery picks (Nos. 10 and 13).
Giannis carries a $58.5 million 2026-27 salary, a $62.8 million 2027-28 option and can sign a four-year, $275 million extension starting Oct. 1, 2026.

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