Trade Rumors: Giannis, Morant, Alvarado, Knicks, Raptors
While Thursday is usually the busiest day of the NBA’s trade deadline week, Tuesday and Wednesday have been more active than usual this season, observes Fred Katz of The Athletic.
There are a number of reasons why that may be the case, but one front office executive who spoke to Katz believes teams are reacting to what happened at last year’s deadline, when physical exams affected two trade agreements. The Sixers and Mavericks slightly reworked the terms of their Caleb Martin/Quentin Grimes deal due to concerns about Martin’s physical, while the Lakers and Hornets rescinded their Mark Williams trade as a result of Williams’ physical.
The Philadelphia/Dallas deal was agreed to and finalized on the Tuesday before the deadline, which allowed the two teams to conduct physical and then amend the terms on Thursday. However, because Los Angeles and Charlotte finalized their deal on Thursday, the issues with Williams’ physical didn’t arise until after the deadline, when negotiations couldn’t be reopened. At that point, the Lakers had just two options: approve the deal anyway or nix it altogether.
Several teams making deals at this year’s deadline may have those situations in the backs of their mind, Katz explains, prompting them to get their business done a little earlier in the week.
Here are more trade rumors from around the NBA, with the deadline just over five hours away:
- The Timberwolves and Heat don’t believe they’re out of the running for Giannis Antetokounmpo, but like Golden State, they remain skeptical that the Bucks are ready to get a deal done today, reports Jake Fischer of The Stein Line (Twitter link). Fischer, who previously identified Milwaukee as a team to watch on the Ja Morant front, also continues to hear that the Bucks remain engaged with the Grizzlies about the star point guard.
- Pelicans guard Jose Alvarado remains on the Knicks‘ radar, according to Ian Begley of SNY.tv (Twitter link). While New York reportedly didn’t have much luck selling New Orleans on a deal that included Guerschon Yabusele, the team may have more success with Dalen Terry‘s expiring contract after agreeing to send Yabusele to Chicago. The Knicks have also expressed interest in Yves Missi, but the Pelicans have reportedly insisted on a first-round pick for him to this point. New York’s only tradable first-rounder is Washington’s top-eight protected 2026 pick, which will likely turn into second-rounders.
- It’s been a busy week for the Bulls, who have finalized three trades and agreed to two more, but they may not be done dealing yet. According to Joe Cowley of The Chicago Sun-Times, the Bulls’ front office was still talking to teams as of Wednesday night, with a “focus” on the Pelicans and Rockets. Chicago has been linked to Zion Williamson and Missi from New Orleans and Tari Eason from Houston, Cowley notes. However, he says the Bulls haven’t made real progress on the Pelicans’ players, and reports have indicated the Rockets are very resistant to moving Eason.
- After agreeing to two minor deals on Wednesday to duck the luxury tax and add Trayce Jackson-Davis, the Raptors are unlikely to make a major move ahead of Thursday’s deadline, Michael Grange of Sportsnet (Twitter video link) and TSN’s Josh Lewenberg (Twitter video link) said during TV appearances. Toronto has been linked to several notable big men, but some (Anthony Davis and Jaren Jackson Jr.) have been traded to other teams, while Domantas Sabonis appears likely to remain in Sacramento.
Hoops Rumors’ 2026 NBA Trade Deadline Primer
Deadline day is finally here. NBA teams will have until today at 2:00 pm Central time to finalize trade agreements. Anyone not traded by that time will be ineligible to be moved until after his team’s season comes to an end this spring.
After a slow start to trade season, we’ve already seen a ton of fireworks this week. Prior to February 1, only one trade had been completed since opening night, but since Sunday, 10 deals have been finalized and seven more have been agreed upon.
And it’s not as if we’re just getting a bunch of salary dumps. Unlikely buyers like the Jazz and Wizards have pulled off blockbuster moves, with Utah acquiring Jaren Jackson Jr. from Memphis in an eight-player, three-pick trade, while Washington agreed to acquire Anthony Davis from Dallas in a deal that will reportedly involve eight players and five draft picks.
The Cavaliers and Clippers got in on the fun by completing a swap of multi-time All-Stars – James Harden and Darius Garland – while players like Coby White, Keon Ellis, De’Andre Hunter, Jaden Ivey, Jared McCain, Kevin Huerter, and Collin Sexton have also been on the move, with Nikola Vucevic, Anfernee Simons, Kristaps Porzingis, Jonathan Kuminga, Lonzo Ball, and Chris Paul set to join them in pending deals.
[RELATED: 2025/26 In-Season NBA Trades]
Those deals took many of this season’s most noteworthy trade candidates off the board, but there are still plenty of storylines to keep an eye on as Thursday’s deadline nears, starting with whether or not the Bucks will actually move two-time Most Valuable Player Giannis Antetokounmpo.
Rival teams have been skeptical that Milwaukee will pull the trigger on a Giannis trade this week instead of waiting until the offseason, when more teams might enter the mix and current suitors could potentially improve their offers.
It sounds like at least one of the teams involved in the Antetokounmpo sweepstakes isn’t counting on a Thursday deal — when Golden State agreed to trade Kuminga to Atlanta, it marked the “unofficial end” of the team’s pursuit of the Bucks star, per ESPN’s Anthony Slater and Shams Charania.
While Sam Amick, Nick Friedell, and Fred Katz say that Warriors team sources haven’t entirely closed the door on the possibility of an Antetokounmpo trade, those same sources added that the Bucks weren’t prepared to accept a Golden State offer centered around Kuminga, Draymond Green, four first-round picks, and a pick swap. An “extended lack of communication” from Milwaukee this week has made the Warriors and other teams believe an Antetokounmpo move won’t be happening at this time, per The Athletic.
Even if Antetokounmpo stays put, we could still see plenty of last-minute action on Thursday. Grizzlies point guard Ja Morant is among the most notable trade candidates still on the market; the Nets still have a chunk of cap room available to help teams accommodate deals; the Timberwolves and Heat could pivot to alternative options if they don’t expect to land Giannis; and potential sellers like the Kings and Pelicans still have plenty of trade chips available to move.
As those Jazz and Wizards trades show, you also never know when two teams will decide to make a move that none of us saw coming.
We’ll be keeping tabs on all the latest news and rumors all day long on Hoops Rumors, leading up to 2:00 pm CT.
In the meantime, here are some of our features and trackers to help you prepare for today’s action:
- Trades completed so far during the 2025/26 season.
- Players with the ability to veto trades.
- Players with trade kickers.
- Players who are ineligible to be traded.
- Teams with traded player exceptions available.
- Hoops Rumors Glossary:
- Explaining salary aggregation.
- Explaining the Ted Stepien rule.
- Explaining tax aprons and the restrictions that apply to teams above those aprons.
- Traded 2026 first-round picks.
- Traded 2026 second-round picks.
- Cash sent and received in NBA trades in 2025/26.
- Teams with hard caps for 2025/26.
- NBA roster counts.
Note: The majority of these trackers are being updated as trades become official, so pending moves won’t be reflected yet.
Warriors Notes: Green, Kerr, Curry, Butler
Draymond Green wasn’t sure if Tuesday marked his final game with the Warriors, so he delivered comments worthy of a farewell address, writes Dalton Johnson of NBC Sports Bay Area. Green made an unexpected appearance at the podium after the game ended to talk to reporters about what his time in Golden State has meant to him, just in case he gets moved by Thursday’s deadline.
“I think a lot of people want to know how I feel about it, like am I upset about it? I’m not at all,” Green said (Twitter video link). “If that’s what’s best for this organization, that’s what’s best for the organization. I’m not like, ‘Oh man, they f–ked me over or something like that. I don’t really feel that way. If you would have told me 13 and a half years ago, like, ‘Yo, I’m going to hand you this sheet of paper and you can sign it to be in a place for 13 and a half years, would you sign it?’ And I would have signed it faster than you can blink.
“So what do I have to sit and worry about? What do I have to be upset about? I’ve been here for 13 and a half years. That’s longer than probably 98 percent of NBA players have been in one place, this guy from Saginaw has been in a place for 13 and a half years.”
Green’s name has popped up recently in trade rumors, particularly in the Warriors’ negotiations with the Bucks for Giannis Antetokounmpo. There’s an assumption that Milwaukee wouldn’t keep him, so if the two teams reach an agreement, it would likely become a three-team deal or he’ll be moved elsewhere in a separate trade. Green holds a $27.7MM player option for next season, so he’ll have a say in determining his future regardless of whether he’s traded or not.
On Tuesday, he was focused on the incredible career he’s had with the Warriors and the legacy of being a four-time NBA champion.
“I don’t know that it ends at 13 and a half, but if it does, what a f–king run it has been,” Green continued. “I’ll take the fine for it. What a f–king run it has been. So that’s just how I feel. I don’t sleep well after games. So if I lose sleep tonight, I promise y’all it’s not because I think I’m betrayed. I just don’t really sleep well after the game.
“But I’m blessed, I’m lucky, I’m grateful. … I don’t know that it ends or whatnot. I don’t. We’ll all see. But if it does, it does. All good things must come to an end at some point. That’s kind of my sentiment and how I feel.”
There’s more on the Warriors:
- Meeting with reporters before Tuesday’s game, Steve Kerr said this is the first time since he took over as head coach that Green’s name has “really been mentioned” in trade discussions, per Sam Gordon of The San Francisco Chronicle (subscription required). “This has definitely been more difficult than most,” Kerr added. “Last year’s (trade deadline) was very difficult as well. We’ve had a lot of years where nobody was really overly concerned about anything, but these last two years, there’s been a lot of chatter and it puts guys on edge for sure.” Green said the idea of leaving Golden State “got real” for him when Kerr asked how his wife is handling the trade speculation.
- Stephen Curry, who’s considered to be the Warriors’ lone untouchable player in Antetokounmpo trade talks, told Howard Beck of The Ringer that he wants to finish his career as a one-team player. “I never would see myself be in a situation where I’m chasing another championship anywhere else but here,” Curry said. “There’s a certain mentality that we’re all trying to figure this out together. But it doesn’t pacify the desire to win.”
- Curry was profoundly affected by the torn ACL that knocked Jimmy Butler out for the rest of the season, Beck adds. “I don’t think I’ve stopped thinking about it since he got hurt, to be honest,” Curry said. “Just the human nature part of it comes in, where you feel like things change drastically. … Me and Coach and Draymond talk about it a good amount, the way our contracts are aligned, the fact that last year, we had such a clear identity and we were so close to getting over the hump.”
Trade Rumors: Morant, Thomas, Gafford, Hawks, Raptors
While Sacramento has been one of the teams linked to Ja Morant, the Grizzlies guard and his camp don’t have interest in a trade to the Kings, according to Kelly Iko of Yahoo Sports, who reports (via Twitter) that Morant’s other rumored suitors – the Heat and Timberwolves – would rank much higher on his wish list.
The Kings essentially reciprocate Morant’s tepid interest, says Sam Amick of The Athletic. As Amick explains, Sacramento hasn’t ruled out the possibility of acquiring Morant, but would want Memphis to add draft capital as an incentive to take on his maximum-salary contract, which runs through 2027/28. The Grizzlies, on the other hand, are looking to acquire a draft pick or two in a Morant deal, even if it means taking on some unwanted salary.
The Kings also have potential fit and chemistry concerns about Morant, Amick adds, noting that a deal between the two teams appears unlikely.
While that could just leave Miami and Minnesota in the running for Morant, Jake Fischer of The Stein Line (Twitter link) says he’s been advised not to rule out the Bucks. All three of those teams may need resolution on the Giannis Antetokounmpo situation before they can realistically make a play for the Grizzlies guard.
We have more trade rumors from around the NBA:
- Nets guard Cam Thomas wasn’t with the team for its flight to Orlando today and is listed as out for Thursday’s game due to personal reasons, tweets Fischer. Thomas holds a de facto no-trade clause after signing his qualifying offer as a restricted free agent in 2025, but has long been considered a trade candidate and is drawing interest from the Cavaliers and Bucks, league sources tell Michael Scotto of HoopsHype (Twitter link).
- The Hawks have maintained interest in Mavericks center Daniel Gafford, according to Marc Stein of The Stein Line (Twitter links), who reports that Dallas has been seeking a first-round pick for Gafford and Atlanta has only been willing to give up second-round capital. Stein’s report came in just before word broke that the Hawks had agreed to acquire Jock Landale from Utah — adding a minimum-salary big man on an expiring deal wouldn’t preclude a trade for Gafford, who is under contract for three more seasons after this one, but it may reduce Atlanta’s need for immediate help in its frontcourt.
- The Raptors were engaged in trade talks with the Mavericks about Anthony Davis before Dallas agreed to send him to Washington, according to Tim MacMahon of ESPN, who says Toronto also spoke to the Grizzlies about Jaren Jackson Jr. prior to the trade that sent the big man to Utah. The Raptors, who are on the lookout for a frontcourt upgrade, have also discussed Domantas Sabonis but reportedly reached an impasse in their negotiations with Sacramento.
Giannis Antetokounmpo Sweepstakes A ‘Three-Team Race’?
The Timberwolves and Heat both appear far more motivated than the Knicks to make a trade for Bucks star Giannis Antetokounmpo before Thursday’s deadline, Brian Windhorst said today during appearances on ESPN’s Get Up (YouTube link) and First Take (Twitter video link).
Unlike the Warriors, who have up to four tradable first-round picks, Miami can only offer two first-round picks in its package, while Minnesota and New York are unable to trade any of their own first-rounders due to the Stepien rule.
Milwaukee is said to be seeking a combination of blue-chip talent and future draft picks for its two-time MVP, so in order to make the kind of offer the Bucks are seeking, some of those teams would likely need to turn one or more of their veteran players into draft assets. The Knicks don’t appear to be doing that, Windhorst explains.
“I don’t think the Knicks have what’s required on their roster to acquire Giannis,” Windhorst said on Get Up. “So if they wanted to (acquire him), they would be out there trying to trade their current players for draft picks and young pieces that the Bucks would want, and they’re not. So I’m taking the Knicks off the list until I have further information.
“I am seeing that action from teams like the Miami Heat and Minnesota Timberwolves. They are out there trying to find ways to improve their offer. The best standing offer that I’m aware of belongs to the Golden State Warriors, but I’m not seeing a lot of momentum towards Milwaukee making a Giannis move. It is only Wednesday. We have another day-and-a-half. But I think Milwaukee is seriously considering staying put and pushing this off until summer.”
Windhorst reiterated that point during his appearance on First Take, referring to the Giannis sweepstakes as a “three-team race” involving the Timberwolves, Heat, and Warriors, unless a mystery suitor emerges.
I wouldn’t rule out the possibility of a mystery team surfacing, given how many surprises we’ve already had ahead of this week’s trade deadline. However, as Windhorst said again on First Take, the most likely outcome might be Antetokounmpo remaining in Milwaukee.
“The choice is down to Bucks ownership,” Windhorst said. “Because I know that Giannis is ready to move. Giannis is ready to move, these other teams are ready to move, there’s ancillary pieces that teams are ready to move. Is Bucks ownership – in the next 24 hours – going to say, ‘OK let’s move on from him now’? If that answer ends up being yes, you see this (trade happen).”
Windhorst added during a subsequent appearance on ESPN 710 Los Angeles (Twitter video link) that he’s not feeling “deal heat” (ie. momentum toward a trade) on the Giannis front at this time.
Here are more of the latest rumblings related to Antetokounmpo:
- While the Bucks would covet forward Jaden McDaniels in a Giannis deal with the Timberwolves, they’d also want first-round picks that Minnesota can’t currently offer, which is why the Wolves are canvassing the league in search of them, writes Chris Mannix of SI.com. One source tells Mannix that practically everyone on the roster besides Anthony Edwards is believed to be up for discussion, with as many as four teams potentially needed for a trade that would get Antetokounmpo to Minnesota.
- As the Timberwolves and Heat survey the market in an effort to maximize the value of their packages, the Warriors’ offer – which is believed to include Draymond Green, Jonathan Kuminga, Brandin Podziemski, and first-round picks – remains on the table and has yet to be formally declined, writes Brett Siegel of ClutchPoints.
- However, the sense is that Green would need to be rerouted if Milwaukee made a deal with Golden State, with Windhorst suggesting on First Take (YouTube link) that the Lakers are one team that would share mutual interest with the longtime Warrior. “If he were traded, his plan would not be to remain in Milwaukee,” Windhorst said of Green. “He would want to be moved on. A team that would be possible if he were traded – and I can’t emphasize the number of ‘ifs’ I’ve said enough before I say this – but the Los Angeles Lakers would be a team he would have interest in and they would have interest in him. But that would require the Bucks to take action on Giannis.” Even if Green isn’t on the move today or tomorrow, Windhorst wonders if including him in these talks might be the first step toward the veteran forward and the Warriors eventually parting ways.
- According to Siegel, many rival front office executives believe the Bucks are gathering as much information as they can from Antetokounmpo suitors right now and then will take that intel into the summer, reopening Giannis trade talks at that time. Mannix also suggests that while a club like the Wolves may be pushing to get a deal done now, there are other teams around the NBA encouraging the Bucks to wait until the offseason, when they’ll be able to enter the bidding or improve their current offer. “Minnesota badly wants to get it done now,” a rival executive told Mannix. “They don’t want to get into a bidding war before the draft.”
Lakers Rumors: Wing Targets, DiVincenzo, Knecht, Sharpe
Although the Lakers remain active on the trade market, their limited assets and their desire to retain as much 2026 cap room as possible are complicating factors as they look to upgrade their roster, writes Dan Woike of The Athletic.
Some rival executives believe the Lakers are willing to trade their 2031 or 2032 first-round pick for the right wing, Woike writes, but the sort of player they’d be targeting with that pick either isn’t available at that price or isn’t available at all — that group includes Pelicans forwards Herbert Jones and Trey Murphy III.
A league source tells Woike that the Lakers have been linked to practically every defensive-minded wing on the market, including Isaac Okoro of the Bulls and Derrick Jones Jr. of the Clippers. But it seems unlikely Los Angeles would give up its lone tradable first-round pick for a player of that caliber, especially since guys like Okoro and Jones are owed guaranteed money for 2026/27 and would eat into the club’s projected cap space.
As previously reported, the Lakers could emerge as a viable Giannis Antetokounmpo suitor this summer if the Bucks don’t move him at the deadline, but for now, any potential L.A. involvement in a Giannis deal would likely be as a facilitator.
Woike identifies Timberwolves wing Donte DiVincenzo and Cavaliers center Jarrett Allen as a couple players from potential Antetokounmpo suitors who might appeal to the Lakers, and Brett Siegel of ClutchPoints hears that L.A. has expressed interest in DiVincenzo.
Those talks haven’t gained traction though, Siegel writes, and Minnesota would likely only move DiVincenzo if it was necessary to land Giannis. Even in that scenario, it’s unclear whether the Lakers would be the Wolves’ most obvious trade partner or if there’s another team more likely to give up valuable draft capital for DiVincenzo.
Dalton Knecht, the Lakers’ 2024 first-round pick, hasn’t requested a trade, but wouldn’t object to a change of scenery, Woike writes, so he’s a player to keep an eye on if the team does make a deal.
The Lakers are also considering potential non-wing trade targets — sources tell The Athletic that Nets center Day’Ron Sharpe has fans within the organization.
Still, Woike believes that any meaningful changes to the Lakers’ roster are probably more likely to happen this summer than this week.
Giannis Trade Rumors: Wolves, Warriors, Heat, Lakers, Blazers
The Bucks have ramped up trade discussions involving Giannis Antetokounmpo within the past week in the wake of a report that the two-time MVP is “ready for a new home.” However, speaking to Jim Owczarski of The Milwaukee Journal Sentinel on Tuesday, Antetokounmpo didn’t sound like a player who is eager to move on from the only NBA team he’s ever played for.
“What I want deep down in my heart is I want to be a Milwaukee Buck for the rest of my career and win here,” Antetokounmpo said, before describing in depth how much the city of Milwaukee means to him. “… I got married in Milwaukee, Wisconsin. And also, legally, from the courthouse. And also, I’ve had my kids here. My father is buried here. When I open the passport of my kids and it says born in Milwaukee, Wisconsin, my dad is buried here, in Milwaukee, Wisconsin.
“So people have the audacity to come tell me and say, ‘This guy really doesn’t love Milwaukee.’ I don’t love Milwaukee? Not the people that know. The people of the city know how much I love them. This city has let me be myself, let me be father, have let me (be) a husband, have let me be my own true self.”
As strong as his feelings are for Milwaukee, Antetokounmpo has also spoken repeatedly over the years about his desire to contend for more NBA championships. The 19-29 Bucks look further away from contention than they have at any point in the last decade, which is a crucial reason why both Antetokounmpo and the Bucks have become more open-minded to the idea of a trade.
“I always listen,” Antetokounmpo said when asked about his belief in the team’s ability to build a contending roster around him. “That’s why I’m still here. I always listen and trust. But what I’m trying to say, how many chances do I have left to win a championship? So, you just gotta (be) more careful and more urgent in every decision that you make moving forward. It doesn’t change. I think I’ve listened since day one and that will never change. I have great respect, love and likeness for (general manager) Jon (Horst) and the ownership and that will never be different. Won’t change. But at the end of the day …”
At this point, according to Owczarksi, Giannis paused for about eight seconds before finishing his thought.
“You gotta look.”
Here are several of the latest Antetokounmpo-related rumors:
- The Timberwolves are discussing Jaden McDaniels, Julius Randle, and Naz Reid with teams around the NBA and are in constant communication with the Bucks as they look to gather enough assets to convince Milwaukee to send Antetokounmpo to Minnesota, according to Brett Siegel of ClutchPoints, who says Giannis finds the idea of playing alongside Anthony Edwards “extremely compelling.”
- While several rival executives believe the Wolves have a path to acquiring Antetokounmpo this week, the Heat and Warriors have also made strong pitches, Siegel notes. Still, he suggests there’s “growing skepticism” about Miami’s chances of landing Giannis ahead of Thursday’s deadline (Twitter link).
- While Draymond Green, Jonathan Kuminga, and Brandin Podziemski are presumed to be key pieces in the Warriors‘ offer for Antetokounmpo (along with multiple first-round draft picks), the Bucks are reluctant to take on Green’s contract and would likely want to reroute him to a third team if their talks with Golden State progress to an advanced stage, writes Marc Stein of The Stein Line (Substack link). Green is earning $25.9MM this season with a $27.7MM player option for 2026/27.
- The Lakers aren’t viewed as a factor in the race for Antetokounmpo at this time, but if the Bucks hang onto the star forward until the offseason, Los Angeles would become a far more viable suitor, according to Stein. While the Lakers only have one tradable first-round pick (2031 or 2032) right now, they could move up to three first-rounders (2026, 2031, and 2033) in the summer.
- Although the Trail Blazers have some level of interest in trying to trade for Antetokounmpo, the forward’s camp has continued to convey that he wouldn’t be interested in signing an extension with Portland, Stein writes, which will likely dissuade the Blazers from making an aggressive offer.
- Antetokounmpo, who is currently sidelined due to a calf strain, went through a 30-minute on-court workout on Tuesday, writes Eric Nehm of The Athletic. However, the Bucks still haven’t provided a recovery timeline or given any indication of when he might return to action.
Trade Rumors: Grizzlies, Bulls, Poeltl, Draymond, Giannis, More
After shedding significant salary and creating a $28.9MM trade exception in their blockbuster deal sending Jaren Jackson Jr. to Utah, the Grizzlies are viewed as a potential landing spot for Raptors center Jakob Poeltl, reports Brett Siegel of ClutchPoints (Twitter link).
The Raptors have been discussing a possible Domantas Sabonis trade with the Kings, who have no interest in Poeltl, so a third team would likely be required if Toronto and Sacramento hope to get those talks over the finish line. Poeltl’s contract, which runs through 2029/30 and has more than $100MM left on it, is widely viewed as a negative asset, so Memphis would need to be incentivized to take it on.
The Bulls are also considered a potential facilitator for Poeltl, according to Siegel (Twitter link), but as things stand, Chicago would have to send out salary to accommodate the veteran center’s incoming $19.5MM cap hit, whereas Memphis wouldn’t.
We have more trade rumors on a busy day around the NBA:
- While it was essentially a given, based on reports that the Warriors weren’t including Jimmy Butler in their offer for Bucks star Giannis Antetokounmpo, Anthony Slater of ESPN confirms that Golden State has included 14th-year veteran Draymond Green in active trade conversations with Milwaukee. Without Butler involved, the Warriors would need to use Green’s $25.9MM salary for matching purposes in order to have a shot at Giannis.
- The Heat have expressed “some level” of interest in Grizzlies point guard Ja Morant in recent weeks, according to Anthony Chiang of The Miami Herald (Twitter link), but their focus remains squarely on Antetokounmpo. One source who spoke to Ira Winderman of The South Florida Sun Sentinel (subscription required) suggested Miami figures to remain involved in both fronts, since it wouldn’t be impossible for the team to land both players if Memphis’ asking price is low enough.
- The Timberwolves also remain in on Antetokounmpo, but they’re exploring other possible avenues on the trade market and have a lot of balls up in the air, per Jon Krawczynski of The Athletic (Twitter link), who cautions that Minnesota’s cost-cutting deal involving Mike Conley doesn’t necessarily mean the team will be acquiring Giannis.
- After agreeing to acquire Jackson from Memphis, the Jazz may not be done, tweets Tony Jones of The Athletic. Siegel (Twitter link) hears that Utah remains “very active,” with Jusuf Nurkic and his $19.3MM expiring contract included in the team’s trade discussions.
- Mavericks forward Naji Marshall has been the subject of some trade speculation in recent weeks, but he doesn’t want to go anywhere. Marshall tells Ron Harrod Jr. of DLLS Sports (subscription required) that he’d like to spend the rest of his career playing alongside rising star Cooper Flagg, adding that he expects Flagg to “create history.”
Rival Teams Skeptical Bucks Will Trade Giannis This Week
A two-time Most Valuable Player could be on the move this week, with the Bucks listening to offers on Giannis Antetokounmpo and several clubs believed to be in pursuit of the superstar forward. However, teams around the NBA aren’t convinced that Milwaukee will actually pull the trigger on a deal involving Antetokounmpo within the next 50 hours or so.
According to Sam Amick of The Athletic, as of Monday evening, the offers on the table for Antetokounmpo were said to be “underwhelming” enough that most agents and rival executives he spoke to believe the saga will carry over into the offseason.
Jon Krawczynski of The Athletic (Twitter link) also cites a “healthy skepticism” across the league that the Bucks will move their longtime this week, while ESPN’s Brian Windhorst and Tim Bontemps share a similar sentiment.
“Everyone is preparing for this to happen in the summer,” one Western Conference executive told ESPN.
As Windhorst and Bontemps explain, a team like the Warriors – who can offer virtually all of their future first-round picks and swaps at this time – could put a similar pick-heavy offer on the table in the offseason. Meanwhile, some suitors who have a shortage of tradable first-rounders due to the Stepien and seven-year rules will have more flexibility to offer picks at this year’s draft when restrictions lift on certain selections, meaning they could improve their offers at that point.
The Bucks would also have clarity following the draft lottery about where their own first-round pick – and every other 2026 selection – will actually land. That would give them a better sense of the value of any 2026 first-rounders included in offers for Giannis, as well as an idea of what sort of potential cornerstone they could land with their own selection.
Additionally, Bontemps notes, there may be teams who expect to make a deep playoff run this spring and instead get bounced from the postseason early, prompting them to either enter the Giannis sweepstakes or to get more aggressive in terms of what they’re willing to offer for him.
Still, plenty of teams with interest in Antetokounmpo appear motivated to try to get a deal done now. The Warriors, Heat, Timberwolves, and Knicks have been the suitors cited most frequently, but they aren’t necessarily the only clubs in the mix. Windhorst said today during an ESPN Cleveland appearance (Twitter video link) that the Cavaliers are among the teams to call Milwaukee about Antetokounmpo too, and that they’ve also inquired on Mavericks big man Anthony Davis.
The Cavs aren’t permitted to aggregate two or more player salaries as long as they’re operating over the second tax apron, and both Giannis and AD have higher cap hits ($54MM+) than anyone on Cleveland’s roster, so the team would need to shed significant salary in order to realistically make a play for either star. The Cavs are currently operating about $14MM over the second apron.
While the Cavs may not end up making a blockbuster deal, it certainly sounds as if they’re more open than ever to discussing players who had previously been viewed as off limits, such as Darius Garland and Jarrett Allen, according to Windhorst (Twitter video link), who suggested that concerns about the current group’s championship upside and Donovan Mitchell‘s willingness to sign an extension in the offseason are likely driving Cleveland’s approach to the deadline.
The Bucks are believed to be prioritizing impact players in their Giannis trade discussions, says Amick, which could improve the Cavs’ chances for Antetokounmpo if they can figure out a way to make the money work. At this point, Cleveland only has one first-round pick to offer (either 2031 or 2032).
The Cavs don’t necessarily have to get below the second apron to make a significant shake-up though. They’re reportedly in talks with the Clippers about a possible deal involving Garland and James Harden, with NBA insider Chris Haynes (Twitter link) reporting within the past hour that the two teams have ramped up those conversations as they try to reach an agreement before Thursday’s deadline.
Giannis Trade Rumors: Warriors, Wolves, Blazers, Sixers, Nets
Brett Siegel of ClutchPoints reported on Monday morning that the Warriors have been the most aggressive team in pursuit of Giannis Antetokounmpo, with ESPN’s Shams Charania later reporting that Golden State had made a “pick-heavy offer.”
Writing for The Stein Line (Substack link), Jake Fischer says the Warriors were cautiously optimistic over the weekend about their odds of acquiring the superstar forward if the Bucks decide to trade him prior to Thursday’s deadline.
However, there may be a significant holdup in a deal coming to fruition. League sources tell Fischer there have been “recent rumblings,” which the Warriors are aware of, that Giannis may not be enthusiastic about landing in Golden State.
Fischer acknowledges that only Antetokounmpo may know how credible those rumors are, but he’s heard from sources close to the situation that the 31-year-old “could be turned off” by the prospect of playing on an older team and/or being criticized for teaming up with Stephen Curry, just as Kevin Durant was and continues to be years later.
Although one source with knowledge of Antetokounmpo’s thinking told Fischer that he “wants to win,” Fischer has heard separately that also Giannis cares about his career arc.
As Fischer explains, part of the reason the Knicks appeal to the perennial All-NBA member is the fact that they haven’t won a championship since 1973; that same line of thinking is part of the reason why Giannis is intrigued by the possibility of joining Anthony Edwards and the Timberwolves, who have never won a title, Fischer writes.
Here are several more Giannis-related trade rumors and notes:
- Fischer continues to hear the Warriors’ offer for Antetokounmpo is unlikely to include Jimmy Butler, whom Golden State wants to retain despite his torn ACL. If the deal is instead built around around Jonathan Kuminga and Draymond Green, rival teams don’t expect the Bucks to actually keep Green. That said, Fischer hears the 35-year-old forward/center’s trade value is “murky” for a variety of reasons, including the fact that he has a $27.7MM player option for ’26/27. People around the situation noted that the Suns would have been a good fit in the offseason, but that was before they acquired Dillon Brooks. Phoenix is still on the lookout for frontcourt upgrades, sources tell Fischer.
- Like many teams around the NBA, the Timberwolves have spent “weeks” preparing for the possibility of Giannis becoming available, multiple team sources tell Jon Krawcyznski of The Athletic. The Wolves are considered one of the strongest suitors for the five-time All-Defensive member for multiple reasons, Krawczynski explains: the Wolves are viewed as a contender, having made the Western Conference finals each of the past two years; Giannis and Edwards have mutual respect; and president of basketball operations Tim Connelly has pulled off multiple blockbuster trades since he was hired by Minnesota in 2022.
- Still, some rival teams remain skeptical the Bucks will actually trade Antetokounmpo by the deadline, Krawcyznski writes, since they could get more appealing offers in the summer.
- Sean Highkin of The Rose Garden Report (Substack link) weighs the pros and cons of the Trail Blazers getting involved in a potential Antetokounmpo trade, whether it’s dealing for him themselves or acting as a facilitator. Portland certainly has assets Milwaukee wants, since the Blazers control the Bucks’ first-round picks from 2028-2030 (two swaps and one pick). According to Highkin, the Blazers are willing to act as a third team — if they get a player they really like. But Highkin doesn’t think Mikal Bridges (Knicks) or Jalen McDaniels (Timberwolves) would fit that bill. As Highkin writes, the Blazers were interested in Bridges, but that was a few years ago when he was obviously younger and on a more team-friendly contract, not the four-year, $150MM extension that will begin next season.
- The Trail Blazers could put together a very compelling package for Antetokounmpo, but it could be riskier than it would be for other teams since they aren’t close to being a contender at the moment and there have been no indications to this point that Giannis wants to end up in Portland, Highkin notes. It could end up being a one-year rental scenario, since Antetokounmpo has a player option for ’27/28, which may not appeal to Portland.
- On Kevin O’Connor of Yahoo Sports’ podcast, Kyle Neubeck of PHLY Sports said the Sixers will definitely inquire about Antetokounmpo prior to Thursday at 2:00 pm CT (Twitter video link). “If you think that Giannis is on the trade block and there is not gonna be a call between the Sixers and the Bucks at some point between now and the deadline on Thursday, I don’t think you’ve been paying attention,” Neubeck said. “I think that they are interested. Any time a player like Giannis is on the market … (president of basketball operations) Daryl Morey is a guy who wants stars. He cares about stars.” Neubeck previously reported that VJ Edgecombe was unavailable in trade talks, and reiterated to O’Connor that he would be “stunned” if the standout rookie is moved.
- As of Monday afternoon, the Nets had not called the Bucks about Antetokounmpo, a source tells Brian Lewis of The New York Post (subscriber link). ClutchPoints reported earlier on Monday that the Nets had inquired about Giannis, but Brett Siegel tweeted it was a mistake that was quickly corrected. Brooklyn has long been linked to Giannis and there has been speculation the team will make an offer for him.
- Zach Kram and Kevin Pelton of ESPN propose fake six Giannis trades, which are evaluated by Bobby Marks.