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Bucks Making Counteroffers In Giannis Antetokounmpo Trade Talks

February 2, 2026 by Hoops Rumors

The Bucks “remained engaged with teams that have interest” in trading for Giannis Antetokounmpo over the weekend and submitted counteroffers to a few of them, ESPN’s Shams Charania said on a SportsCenter appearance (Twitter video link, hat tip to Real GM).

Charania listed the Heat, Timberwolves, Warriors and Knicks as “the most serious suitors” so far, although several other teams are rumored to be involved. He adds that it “comes down to the price point” for Antetokounmpo, which means parting with young talent, “a surplus of draft picks” or possibly a combination of both.

The Bucks have been sending mixed signals about whether they intend to part with their franchise player by Thursday’s deadline or wait until the summer in hopes of negotiating a better deal. Charania’s report is the strongest indication so far that Milwaukee is serious about making a trade this week.

The Bucks were hoping to put together a late-season run toward the playoffs and were originally approaching the deadline as buyers with an eye on upgrading the roster and convincing Antetokounmpo to stay. Those plans seemed to change on January 23 when Antetokoumpo suffered a calf injury that will keep him out indefinitely, virtually sinking the team’s postseason hopes. Milwaukee lost its fifth straight game Sunday at Boston and has fallen to 12th in the East at 18-29.

As Charania points out, there are pros and cons to the Bucks waiting for the offseason to make the deal. Interested teams will have additional draft capital to offer, but Antetokounmpo will also have more control over where he wants to go. After making $58.5MM next season, he holds a $62.8MM player option for 2027/28 and can threaten not to re-sign with a team that trades for him if it’s not one of his preferred destinations.

Bucks coach Doc Rivers addressed the trade rumors Sunday in an appearance on ESPN’s NBA Countdown (Twitter video link), stating, “I think everyone will be here” past the deadline. He also said he’s looking forward to the end of the week so speculation can be put on hold for a few months.

“He wants to be a Buck, he loves the city and that’s all I can go by as a coach right now,” Rivers said of Antetokounmpo. “Has it been difficult? Yeah. My favorite day of the year this year will be the day after the trade deadline. I think everyone will be here.”

Rivers added that Antetokounmpo expects to play again this season and is hoping to “get into the playoffs healthy.”

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