Warriors back – The Golden State Warriors have backed out of Giannis Antetokounmpo trade talks again, despite having been among the high-profile suitors earlier this year. With Giannis, 31, nearing the end of a Milwaukee era, Miami Heat offers—centered on Tyler Herro, multipl
The idea of the Warriors landing Giannis Antetokounmpo has been floating for months, but it’s now been cut back down to size—again.
Earlier this year. around the trade deadline in February. Golden State put a bid in for the 2021 NBA champion and Finals MVP. The proposal included Jimmy Butler, Jonathan Kuminga, and four first-round draft picks. That offer didn’t go anywhere at the time. and now the team appears to be stepping away from the recent trade chatter as well.
The Warriors have not been factored into any recent trade talks for Antetokounmpo, with reporting indicating they’re not part of the conversation the Milwaukee Bucks are working through right now.
The name is still tied to the Bay Area, though not in a way that’s translating into action. Minnesota and Golden State were both described as prominent suitors in February when the Bucks briefly invited trade interest in their Face of the Franchise. But the latest picture is stark: neither team has been included in the Bucks’ more recent discussions.
That leaves the question hanging—if Golden State isn’t pulling the trigger, where does Giannis actually end up?
Antetokounmpo, 31, has spent 13 seasons with the Milwaukee Bucks and is widely viewed as on his way out. He has two years remaining on his contract, with a player option set for 2027-2028. He also becomes an unrestricted free agent in 2028.
On the court, the production has stayed elite even as his season availability has not. The 6-foot-11 forward—listed at 243 pounds and nicknamed “The Greek Freak”—averaged 27.6 points, 9.8 rebounds, and 5.4 assists on 62.4% field-goal shooting. Still, he appeared in only 36 games during the 2025-26 season.
Teams have been linked to the sweepstakes, but one destination has separated itself from the rest: the Miami Heat. The Heat are being positioned as the best fit and the team presenting the strongest trade offers.
According to reporting. Miami’s package is built around Tyler Herro. Kel’el Ware. Jaime Jaquez Jr. Nikola Jovic. and the No. 13 overall pick in the 2026 NBA Draft. The offer also includes future picks. Those pieces matter because they address what the Bucks would likely want most if they’re moving on from the centerpiece of their franchise.
With Miami’s offer framed as a ceiling, Milwaukee is reportedly shopping around—looking to see if any other team can beat what the Heat are prepared to send.
The result is a trade market that still revolves around the same star, but with shifting gravity. The Warriors came in with a serious February package—Butler, Kuminga, and four first-round picks—and then backed out. Now the reporting suggests they’re backing out again. leaving the Bucks to test how far that Miami-centered return can be topped.
Giannis Antetokounmpo Milwaukee Bucks Golden State Warriors Miami Heat Jimmy Butler Jonathan Kuminga Tyler Herro Kel’el Ware Jaime Jaquez Jr. Nikola Jovic NBA trade rumors