Antetokounmpo Trade Intensifies as Celtics and Heat Battle for Bucks Star

Trade speculation surrounding Giannis Antetokounmpo has escalated dramatically as the 2026 off-season approaches, with multiple teams now in active pursuit of the Milwaukee Bucks' franchise cornerstone. The Bucks have struggled since the 2022-2023 season, failing to advance past the first round of the playoffs, prompting widespread expectations that the two-time MVP will be dealt before the June NBA Draft.

The Boston Celtics and Miami Heat have emerged as the primary contenders for Antetokounmpo's services. The Celtics are now "all-in" on acquiring him, according to ESPN's Brian Windhorst, with Boston previously hesitant but now willing to include All-Star Jaylen Brown in a trade package. Mark Stein reports the Celtics have a "realistic possibility" of completing a deal if they part with Brown, though uncertainty remains regarding whether the Bucks will accept him or if a third team may be involved. The Heat, meanwhile, have been identified as the longstanding favorite, with their potential package reportedly including Tyler Hero, Keleyl Oubre Jr., Haime Jaqes Jr., and a 2026 first-round pick.

Antetokounmpo has expressed a clear preference to play for the Heat, though the Celtics have also been added to his list of desired destinations, with reports indicating his willingness to sign an extension in Boston. However, the Bucks are reportedly hesitant about Miami's offers, viewing the decision as crucial for the franchise's next decade. Jaylen Brown has reportedly shown willingness to join the Bucks, though earlier reports suggested he was resistant to playing in Milwaukee, raising the possibility of a third team facilitating the exchange.

The Bucks remain in a holding pattern, waiting for what they consider acceptable offers before the draft. Multiple teams, including the Minnesota Timberwolves and Orlando Magic, have also expressed interest, with the Portland Trail Blazers potentially playing a role as a third party to help the Bucks recover draft assets lost in the Damian Lillard trade. NBA insiders expect a resolution to come quickly, with some projecting a deal could be finalized within 48 hours, though others suggest negotiations may extend into July.