
Sorry, Milwaukee Bucks, but Giannis Antetokounmpo won’t bring back the motherlode.
Yet again, the Bucks’ megastar has been at the center of swirling trade and roster speculation. In the past, Milwaukee’s front office has made costly moves to build around Giannis — including trading significant draft capital for Jrue Holiday and later acquiring Damian Lillard. Most recently, the Bucks waived and stretched Lillard’s contract to create cap room to sign Myles Turner in free agency.
This time, though, there’s nowhere left to go. The asset well is dry. The roster is built entirely around Giannis’ strengths: rangy defenders, a phalanx of shooters and a paint-oriented offense designed to maximize his downhill dominance. And the 31-year-old forward has delivered once again. Excluding the two games he didn’t finish because of injury, Antetokounmpo is posting 26.6 points, 10.5 rebounds, 6.5 assists, plus a steal and a block per game, and attempting more than twice as many shots at the rim as any player in the league.
And still, the Bucks are a disappointing 10–15, with just a single win in games Giannis has missed. A rebuild is looming. Giannis knows it, and the Bucks know it. But the market for superstar trades isn’t what it used to be.
Moving Giannis may not carry the same panacea effect that trading a prime-aged superstar once did. The days of the player-and-pick smorgasbords that Utah received for Donovan Mitchell and Rudy Gobert are gone. There’s no Paul George–to–the–Clippers haul coming over the horizon.
The new CBA — and its punitive apron financial system (see explanation, h/t USA Today) — has made trading for high-salaried stars nearly impossible for many teams. Giannis will earn $54.1M this season and $58.5M next, with a $62.8M player option after that. Just fitting that number into the cap eliminates a huge swath of potential suitors. Add the fact that he could be a risk to leave in 18 months without a wink-wink extension, and teams will be cautious about shipping out anything resembling a motherlode.
There’s also the wear and tear. While he seems indestructible in individual possessions, Antetokounmpo has missed 58 regular-season games over the past four years, plus eight more already this season. Players whose games rely on otherworldly power and athleticism rarely age gracefully, especially when they lack a reliable jumper. The accumulation of these nagging injuries suggests Giannis’ days as a nightly all-consuming fulcrum may be numbered. Teams simply won’t mortgage the future for an injury-prone star, no matter how elite.
Ah, yes — The Master of the Prairies.
Sam Presti is perhaps the single person most responsible for depressing the superstar trade market. Nobody wants to be the executive who trades him the next Shai Gilgeous-Alexander. That alone may spook several potential bidders. Atlanta won’t want to move Jalen Johnson. San Antonio won’t want to move Stephon Castle or Dylan Harper. Detroit isn’t parting with its core prospects.
Orlando has already made its all-in move for Desmond Bane. Denver’s cupboard is too thin to compete. Golden State offering a package centered on Jonathan Kuminga and Brandin Podziemski won’t quicken pulses in Wisconsin. The Lakers could assemble something around Austin Reaves and Rui Hachimura, but it would leave them badly unbalanced.
Meanwhile, Oklahoma City (24-1) looks nearly unbeatable this season, with a collective age profile suggesting they could dominate the league for half a decade. That alone will make some front offices rethink going all-in now, only to run headfirst into the combine harvester on the prairie.
Teams on the rise — Atlanta, San Antonio, Detroit — will want to “finish their breakfast,” as Presti once said, before making drastic moves.
Giannis has long been linked to the Knicks as his preferred destination. But what exactly can New York offer? A package built on Karl-Anthony Towns and OG Anunoby is a reasonable starting point, and they do have a juicy first-round pick from the Wizards. Yet such a move would dramatically reshape their identity while removing a crucial two-way piece in Anunoby.
The Rockets, on the surface, resemble the Spurs, Pistons, and Hawks— young teams on the rise. But the moment they traded for Kevin Durant, they put themselves on the clock. Now they’re a first apron team, unable to take back more salary than they send out. Would they really ship out Alperen Şengün, Jabari Smith Jr. and Reed Sheppard for Giannis? And would Milwaukee want a player-heavy return when picks are what they truly crave?
Which brings us to the delicious irony: The only person who could actually offer Milwaukee a traditional star-trade motherlode is Sam Presti himself.
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