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Heat May Have Best Chance For Giannis Antetokounmpo Deal By Deadline

January 28, 2026 by Hoops Rumors

There are mixed signals on the Giannis Antetokounmpo trade market, with sources from two teams telling Marc Stein of The Stein Line (subscription required) they believe a deal is possible before next week’s deadline, while a representative from another club expects the Bucks to wait until the offseason to get serious about parting with their franchise player.

League executives contacted by Stein consider the Heat to have the best chance at putting together a tempting deal for the Greek star. There’s also a “vibe of confidence” coming from Miami about a potential Antetokounmpo trade, according to Stein.

Stein states that the team’s best offer would be centered around Tyler Herro, Kel’el Ware and draft assets.

Herro is coming off an All-Star season, but injuries have limited him to 11 games so far this year and he’s currently dealing with a rib issue. He is only 26 and under contract for one more season at $33MM, and he would provide a reliable scoring threat to replace much of the production Milwaukee would lose by parting with Antetokounmpo.

Ware could be a long-term foundational piece for the Bucks’ frontcourt. The second-year center has shown a lot of promise and is averaging 11.6 points and 9.8 rebounds per game at age 21, but he’s also been a frequent target of public criticism from Miami coach Erik Spoelstra. Ware has two seasons left on his rookie contract and will become eligible for an extension next summer.

Miami controls all its future first-round draft capital, except for a pick that was sent to Charlotte in last year’s Terry Rozier trade. That pick is lottery-protected in 2027 and unprotected in 2028.

It appears the weight of constant trade speculation surrounding Antetokounmpo — coupled with his continued absence due to a right calf strain — is having an effect on the Bucks, who fell to 18-27 with Tuesday’s loss to Philadelphia, Stein adds.

“I can’t wait until all the deadlines and stuff pass … because we’re Rumor Central,” coach Doc Rivers said. “It’s unbelievable. Some true, some not true. I don’t know what half of it is true, but it’s a distraction at times for sure.”

Filed Under: Heat

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