Giannis Antetokounmpo trade grades: Who won Bucks-Heat deal?

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It has FINALLY happened! Giannis Antetokounmpo -- who has seemed unhappy with the Milwaukee Bucks for what has felt like an eternity -- has been traded in a blockbuster involving the Miami Heat, per ESPN's Shams Charania!

The trade went down before the NBA Draft, but the biggest thing here: It's a deal that shakes up the league, giving the Heat a VERY new look. The trade also puts the Bucks in a completely new era; this is a big dad gum deal. Expect plenty of chatter about this massive, massive NBA move in the days and weeks to come.

So who won and lost this trade? What are the details of the deal? As always, we've got all of that for you below. Let's hand out some grades and break down the trade for you:

Bucks and Heat trade details​


Bucks get: Tyler Herro, Kel'el Ware, Jaime Jaquez Jr., Kasparas Jakucionis, 3 first-round picks (including No. 13), 1 pick swap and 1 second-rounder

Heat get: Giannis Antetokounmpo, Bobby Portis


BLOCKBUSTER: The Milwaukee Bucks are trading franchise icon Giannis Antetokounmpo and Bobby Portis to the Miami Heat for Tyler Herro, Kel'el Ware, Jaime Jaquez Jr., Kasparas Jakucionis, 3 first-round picks (including No. 13), 1 pick swap and 1 second-rounder, sources tell ESPN. pic.twitter.com/NQT5ZhdJU9

— Shams Charania (@ShamsCharania) June 23, 2026

Heat trade grade​


The Heat actually did it. Pat Riley actually landed Miami its true post-LeBron James superstar. The Heat will absolutely make waves in the Eastern Conference with Giannis on board; getting Bobby Portis is a pretty sweet get, too, even if Miami obviously sent the farm. The fact that Bam Adebayo stayed in place is a big win for the Heat. Giannis and Bam will terrorize the NBA for years to come. What a slam dunk for Miami. The players given up will be replaceable; getting a true 1A superstar to pair with Adebayo is the kind of move that wins you a championship.

GRADE: A

Bucks trade grade​


Look, Giannis was never coming back to the Bucks. Milwaukee landed a king's ransom in the trade, including franchise pieces like Herro, Ware, Jaquez Jr. and Jakucionis. Those three first-round picks (including No. 13 in Tuesday night's draft) in particular will go a long way to rebuilding the Bucks' foundation in the years to come. Will this trade make the Bucks competitive in the fall? We're not sure. However, you can bet that Milwaukee is happy with the return here if the trade partner was Miami. No, it's not Jaylen Brown, but it will most certainly do.

GRADE: A

This article originally appeared on For The Win: Giannis Antetokounmpo trade grades for Bucks-Heat deal

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