Speculation about a potential trade for Milwaukee Bucks star Giannis Antetokounmpo is heating up, but interest from other teams remains cautious. The Oklahoma City Thunder's strong performance is influencing the market, making teams hesitant to offer top assets. Antetokounmpo, a two-time MVP, faces concerns over his age, injury history, and fit on contending rosters.
Trade rumors surrounding Giannis Antetokounmpo have persisted for years, dating back to at least 2017 according to some Bucks fans. The Bucks' first-round playoff losses in 2020 to the Miami Heat and in 2023 as the No. 1 seed fueled speculation, though acquiring Damian Lillard and Jrue Holiday previously delayed any moves. Antetokounmpo signed an extension after the 2023 trade for Lillard.
Recent reports indicate a possible trade this season or summer, but teams are holding back. The San Antonio Spurs, who could pair Antetokounmpo with Victor Wembanyama, refuse to include Stephon Castle or Dylan Harper, per Jake Fischer. The Atlanta Hawks will not offer their 2026 first-round pick from New Orleans. A rumor suggested Antetokounmpo's camp contacted the Chicago Bulls, who showed no interest, though this has faced pushback.
At 31, Antetokounmpo relies on athleticism that may not age well, and his shooting limitations restrict roster fits. He has missed nearly 15 games per season over the last four years, with a current calf strain likely adding to that. His reported preference for the New York Knicks complicates extension talks elsewhere.
The Oklahoma City Thunder, defending champions with a 23-1 record, have shifted the market. Their organic rise without sacrificing assets makes teams wary of high-risk trades for stars like Antetokounmpo. Past deals, such as the Clippers for Paul George or Suns for Kevin Durant, occurred in more open leagues, unlike now where the Thunder dominate.
Potential suitors like the Knicks, Cleveland Cavaliers, Golden State Warriors, Houston Rockets, Detroit Pistons, and others weigh short-term gains against long-term prospects. Cleveland beat the Thunder last year but faces cap constraints $22 million over the second apron. The Pistons outscore opponents by 13.1 points in the paint, while the Hawks rank fourth in fast-break points. Despite motivations, such as a weak Eastern Conference, teams prioritize preserving assets against the Thunder's strength.