The simplest part of the trade proposal has the Warriors landing Antetokounmpo. Milwaukee secures a sizable package in return with Austin Reaves, Brandin Podziemski, Jonathan Kuminga (sign-and-trade), Trayce Jackson-Davis, Maxi Kleber, two first-round picks (2029, 2031) and a 2030 first-round pick swap option with the Lakers.

The Bucks have a ton on their plate, but undoubtedly the focal point of their offseason will be their superstar forward, Giannis Antetokounmpo. Antetokounmpo is and will continue to be at the forefront of the NBA offseason, as his future in Milwaukee is in doubt, at least according to multiple insiders.

The swap rights owed to Atlanta from Milwaukee would be the second-most favorable between the Bucks and New Orleans Pelicans in 2026 and second-most favorable between the Bucks and Portland Trail Blazers in 2030. The Hawks agreed to similar swap rights in a trade with the Cleveland Cavaliers involving De'Andre Hunter at the 2025 trade deadline.