After 13 seasons, two MVP awards, and a championship, Giannis Antetokounmpo is no longer a Milwaukee Buck. He's now on the Miami Heat, in one of the biggest trades the NBA has made in years.

The trade

Milwaukee sent Antetokounmpo and Bobby Portis to Miami. In return, the Bucks received All-Star guard Tyler Herro, center Kel'el Ware, forward Jaime Jaquez Jr., second-year guard Kasparas Jakučionis, three first-round picks (2026, 2031, and 2033), a 2030 pick swap, and a 2033 second-round pick. The deal was finalized late Monday night, the eve of the 2026 NBA Draft, once the league's trade moratorium period ended.

Close-up portrait of Giannis Antetokounmpo
Antetokounmpo won back-to-back MVP awards and Finals MVP during his time in Milwaukee.

The end of an era

Antetokounmpo joined the Bucks as a raw, largely unknown prospect and became one of the most dominant players of his generation, winning back-to-back MVP awards and leading Milwaukee to its first NBA championship since 1971, taking home Finals MVP in the process. His departure closes out one of the most successful individual eras in franchise history.

What it means for both teams

For Miami, it's a full commitment to building around a genuine superstar again. For Milwaukee, it's a reset: a return package built on draft capital and young, cost-controlled talent (Herro, Ware, Jaquez, Jakučionis) rather than trying to find another star to pair with Antetokounmpo. Neither side has publicly framed this as anything other than a mutual, deliberate decision to change direction.