Story perspectives

Bucks Deal Giannis, Portis to Heat for Herro, Picks

6/25/2026

Summary

Bucks Trade Giannis

On June 23, 2026, the Bucks traded Giannis Antetokounmpo and Bobby Portis to the Miami Heat.
The Bucks received Tyler Herro, Kel’el Ware, Jaime Jaquez Jr., Kasparas Jakucionis, three first-round picks—including No. 13—a first-round swap and a second-round pick, and used the No. 10 and No. 13 picks to select guard Brayden Burries and forward Nate Ament.
The trade cannot be official until the NBA’s 2026-27 salary-cap moratorium begins on July 6, 2026.

Summary

Heat Risky Deal

The Miami Heat traded three unprotected first-round picks and a future pick swap for veteran Bobby Portis, creating a massive financial risk.
Giannis Antetokounmpo will be eligible for a four-year, $275 million supermax extension in January 2027, a decision that will determine whether Miami’s gamble succeeds.
Pat Riley’s win-now plan forces Miami to choose between re-signing Norman Powell or signing a cheaper 3-and-D wing like Pelle Larsson.

Summary

Brown Lists Penthouse

Jaylen Brown listed his former Fort Point penthouse for just under $5 million.
He entered the 2023-24 season averaging 28.7 points, 6.9 rebounds and 5.1 assists while under a five-year, $304 million supermax with about $182 million remaining.
Brown can sign a two-year, $140 million extension on July 26.
Celtics officials said his contract status and the real-estate move form part of a contingency plan after the failed Giannis pursuit.

History

Historical Context

Pat Riley’s 2004 decision to acquire Shaquille O’Neal—sending Lamar Odom, Caron Butler and Brian Grant to the Lakers—gave Miami a 59-win season and a championship run, establishing a precedent for bold, salary-heavy deals. The 2026-27 proposed Miami-Milwaukee exchange involving Giannis Antetokounmpo echoes that same high-risk, high-reward approach, reminding teams of the long-term cap strain the 2004 trade created.

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Bucks Trade Giannis

On June 23, 2026, the Bucks traded Giannis Antetokounmpo and Bobby Portis to the Miami Heat.
The Bucks received Tyler Herro, Kel’el Ware, Jaime Jaquez Jr., Kasparas Jakucionis, three first-round picks—including No. 13—a first-round swap and a second-round pick, and used the No. 10 and No. 13 picks to select guard Brayden Burries and forward Nate Ament.
The trade cannot be official until the NBA’s 2026-27 salary-cap moratorium begins on July 6, 2026.

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