Talk around the league is heating up again about Giannis Antetokounmpo’s future, with growing chatter that the Bucks star would prefer a trade before the deadline if things in Milwaukee continue to slide. The rumors are back, the speculation is loud, and familiar questions about how long this partnership can last are resurfacing.
Two-time MVP Giannis Antetokounmpo is ready for a new home at the Feb. 5 NBA trade deadline or in the offseason as several rival teams make aggressive offers to the Milwaukee Bucks for him, and the franchise is starting to listen, league sources tell ESPN. pic.twitter.com/OejatbQjDy
— Shams Charania (@ShamsCharania) January 28, 2026
Still, the betting markets aren’t buying the panic. Giannis Antetokounmpo next team odds continue to point strongly toward the "Greek Freak" staying in Milwaukee, signaling that bettors see far more smoke than fire when it comes to a midseason move.
Giannis Antetokounmpo next team odds
Percentages courtesy of Kalshi.
Kalshi is a regulated financial exchange where you trade on real-world event outcomes. Instead of traditional odds, prices are listed as percentages (0–100%), representing the market’s estimated probability of an event occurring.
The favorites
Milwaukee Bucks or retires
This relationship is clearly strained, but it’s not breaking at the deadline unless someone blows the Milwaukee Bucks away with an offer. Giannis Antetokounmpo is frustrated, the roster is broken, and everyone involved knows this group isn’t close to contention.
Milwaukee is listening because it has to, not because it’s eager to move him. Trading Giannis midseason only makes sense if the return is massive, and if that deal doesn’t show up, the Bucks are fine dragging this into the summer when more teams and picks are on the table.
For now, the most likely outcome is Giannis staying put through the deadline, even if the long-term future feels shaky. This is tension, not a fire sale.
New York Knicks
The New York Knicks are no longer just a team being floated in rumor; they’re one Giannis has actually shown interest in if a deal could be made. That alone keeps New York near the top of this market.
The problem is cost. Milwaukee isn’t rushing into a deadline deal, and any trade for Giannis would require the Knicks to gut their depth and unload significant draft capital. This wouldn’t be a clean add-on next to Jalen Brunson — it would be a full-on roster reset.
New York makes sense, and the interest appears mutual. But unless the Bucks decide to move him now instead of waiting for the summer, the Knicks remain a long shot rather than a likely landing spot.
Houston Rockets
The Houston Rockets show up in this market because they can. The Rockets have young talent, future draft capital, and the flexibility to make a serious offer if Milwaukee opens the door wider. From a pure assets standpoint, they’re one of the few teams that could meet the Bucks’ asking price.
What’s missing is momentum. There’s no reporting tying Giannis to Houston, and no indication the Rockets are actively pushing for a deal ahead of the deadline. Until that changes, they remain a theoretical option — a team with the means to get involved, not one driving the conversation.
Odds are correct at the time of publishing and are subject to change.
Not intended for use in MA.
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