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The Milwaukee Bucks are in a state of flux, which has naturally put Giannis Antetokounmpo in the rumour mill of offseason trade discussions.
The latest: Will the Bucks drum up what little assets they still have to keep their competitive window open, or is it time to hit the reset button? Based on the odds for where Giannis will start the 2025-26 season, Milwaukee seems likely to run it back.
Check out our latest Giannis next team odds as of June 19.
Giannis next team odds
Click linked odds to add selection to betslip. Note: Lines changed/market no longer available if grey.
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| Team | Betting odds |
| Milwaukee Bucks | -500 |
| New York Knicks | +800 |
| San Antonio Spurs | +1,000 |
| Toronto Raptors | +1,000 |
| Houston Rockets | +1,600 |
| Brooklyn Nets | +3,000 |
| Dallas Mavericks | +3,000 |
| Miami Heat | +3,000 |
Giannis next team odds as of 3:30 p.m. on 06/19/2025.
Latest rumours
- On June 10, ESPN's Brian Windhorst poured cold water on Giannis trade rumours by reporting that there "is no Giannis Antetokounmpo trade market" and that the Greek Freak has not asked to be moved.
- As the Bucks weigh their options moving forward, sources confirmed to ESPN's Bobby Marks that the team will be "aggressively exploring options in free agency and trades to complement Antetokounmpo."
- The Giannis rumour mill started to turn in mid-May, when ESPN's Shams Charania reported that Giannis was "open-minded" about exploring whether his best long-term fit is in Milwaukee or elsewhere. This report came two weeks after the Indiana Pacers eliminated the fifth-seeded Bucks in the first round, 4-1.
Raptors odds to sign Giannis
The Raptors are a fringe fit for Kevin Durant (+1,200), and they're in the same range when it comes to Giannis.
It'd be impossible to think about the Raptors adding a megastar via trade and not comparing it to the Kawhi Leonard deal that led to an NBA championship in 2019.
Such a trade would be a bit different with Giannis, though, since he's under contract through 2027 and owns a player option for 2027-28.
So if a trade to Toronto happened, it wouldn't be a one-and-done situation the way Kawhi's tenure was.
The Raptors do have some assets that could entice the Bucks, including the No. 9 pick in the 2025 draft and Scottie Barnes. But it's difficult to see a Giannis trade that leaves Toronto with enough quality pieces to legitimately compete.
After all, the Raptors were a 30-win team that landed in the lottery last season.
Knicks are Giannis' likeliest suitor
The Bucks have an 83.33% implied probability of keeping Giannis, so this is all relative. But among the external suitors, the Knicks are the top option on the board.
New York was two wins away from reaching the NBA Finals, and the team's entire rotation is under contract for another year. After making major changes last offseason, does it make sense to do another shakeup now?
Probably not. But if Giannis tries to force his way to Manhattan, then it's worth the Knicks' time to explore a deal.
Karl-Anthony Towns, who's due an estimated $172 million over the next three seasons, would presumably be at the centre of a Knicks trade package. New York owns an extra first and second in the 2026 draft, but it doesn't have a first-rounder in 2025.
Another team in the mix is San Antonio (+1,000), which could be motivated if Kevin Durant is traded elsewhere.
The Spurs, who have +250 odds to trade for Durant, have a bounty of draft picks to play with. They own the Nos. 2 and 14 picks in this year's draft, as well as nine extra second-rounders between 2026-31.
On the player side, San Antonio has plenty of trade ammo, too. If the Spurs really want to make a Victor Wembanyama/Giannis frontcourt happen, they could dangle the likes of Stephon Castle, Jeremy Sochan and/or Keldon Johnson.
