Overview
- The Bucks and Heat reached an agreement reported Tuesday, June 23, 2026, to send Giannis Antetokounmpo and Bobby Portis to Miami, according to multiple outlets.
- Reported terms send Tyler Herro, Kel’el Ware, Jaime Jaquez Jr. and Kasparas Jakucionis to Milwaukee plus several draft assets that include the No. 13 pick and reported unprotected 2031 and 2033 first-rounders.
- The trade is agreed in principle but cannot be formalized until the NBA’s processing window opens on July 6, 2026, leaving room for changes or additional teams to join the deal.
- For Miami, the move creates a powerful inside pairing with Bam Adebayo and is presented by outlets as a clear push to raise the franchise’s title prospects while costing perimeter scoring and younger role players.
- For Milwaukee, Giannis’s exit ends his 13-season run that included a 2021 title and multiple MVPs, leaves no remaining members of the 2021 championship roster, and begins a roster rebuild centered on incoming youth and draft assets.