The Milwaukee Bucks traded star Giannis Antetokounmpo to the Miami Heat early Tuesday morning in a move that shakes up the Eastern Conference, especially since Heat rival Boston Celtics also sought the “Greek Freak.”
The trade effectively gives Antetokounmpo a multimillion-dollar raise, since the Heat play in Florida, a state without an income tax.
As reported by ESPN, Antetokounmpo and Bobby Portis are headed to the Heat in exchange for Tyler Herro, Kel’el Ware, Jaime Jaquez Jr., Kasparas Jakucionis and three first-round picks. The trade won’t be finalized until July 6.
Antetokounmpo’s salary is expected to stay about the same—the max permitted by the NBA’s collective bargaining agreement. But Antetokounmpo’s take-home pay, meaning what he nets after paying federal, state, local and payroll taxes, varies widely depending on where he plays.
Antetokounmpo, 31, will earn $58.4 million in his NBA contract for 2026-27. He could then exercise a player option for $62.7 million for 2027-28, but he is more likely to sign a new and more lucrative deal. To that end, Antetokounmpo could sign a four-year, $275 million extension with the Heat for the 2027-28 through 2030-31 seasons, though under NBA rules he’d have to wait six months to sign.
