The Milwaukee Bucks sent Giannis Antetokounmpo and Bobby Portis to Miami for a package that includes Tyler Herro, Kel’el Ware, Jaime Jaq‑quez Jr., Kasparas Jakucionis, three first‑round picks (one is No. 13 in Tuesday’s draft), a 2030 pick swap and a 2033 second‑rounder. The deal, finalized July 6, involves no third‑team participation.

Miami gains a two‑time MVP and a defensive stalwart, pairing Antetokounmpo with Bam Adebayo to anchor an Eastern‑Conference contender. Tyler Herro, a 2025 All‑Star who averaged 19.5 points over seven seasons, returns to his home state after missing 33 games with a foot surgery. The Heat also receive unprotected 2031 and 2032 first‑rounders.

Milwaukee banks on youth and flexibility, acquiring Herro, Ware, Jaquez Jr., Jakucionis and a cache of draft assets to rebuild under new coach Taylor Jenkins. The No. 13 pick and two future unprotected first‑rounders give the Bucks cap space and options to re‑tool the roster. The trade ends a year‑long saga and reshapes both franchises’ trajectories.