A specific framework for what a Miami Heat offer for Giannis Antetokounmpo could look like emerged this week, and it includes three of the team's best young players plus a haul of draft capital.
Bucks beat writer Jerry Wolfe reported on Twitter and in a follow-up article that Miami's proposed package centers on Tyler Herro, Jaime Jaquez Jr., Kel'el Ware, the 13th overall pick in the 2026 NBA Draft, and two future first-round picks. The leak was relayed and broken down by Nick Roloff on the Heat Report by Chat Sports, who treated the report as the most concrete look yet at where a potential blockbuster trade stands.
Roloff described the 13th pick as quietly the most valuable single piece in the bundle, given how strong the top of this year's draft class is — naming Yaxel Lendeborg, Labaron Phelps and Kingston Flemings as the kinds of prospects Milwaukee could land in that range as part of a youth movement post-Giannis.
The proposal would also strip Miami of two of its most promising young players. Roloff said he had "no issue" parting with Herro, who is 26, or Ware, who is just 23, but argued that Jaquez may not be the cleanest fit alongside Giannis, Bam Adebayo and Andrew Wiggins in a half-court that would already be guided by the latter two.
"I do not envision Jaquez being able to play off the ball as well as he played on the ball this year with Giannis Antetokounmpo and Bam Adebayo directing most of the offense," Roloff said. "And Giannis is not going to play a lot of off-ball with Jaquez directing the offense when he is coming off the bench."
Roloff also flagged a hard structural problem with the leaked framework: the salaries do not match. Herro, Jaquez and Ware combined do not satisfy the outgoing money required for an Antetokounmpo trade under NBA cap rules. He suggested the more realistic version of this deal looks closer to the public construction floated by ESPN's Bobby Marks, which swaps Jaquez out for Nikola Jovic — whose contract better balances the math and would still leave both teams compliant with the second apron rules.
Whatever the exact mechanics, Roloff treated a Bucks-Heat deal as a question of when rather than if. He pointed to Milwaukee's reported willingness to operate this draft with multiple first-round picks — its own at No. 10 plus Miami's at No. 13 — as a signal that the front office is preparing for a rebuild. He also noted Antetokounmpo's recent public-facing moments around Milwaukee, including an Instagram post with his family at the mural of him in the city and reports of a Milwaukee Zoo visit, framing them as the kind of nostalgia a player generates when an ending feels close.
For Miami, Roloff argued the trade still leaves Pat Riley with usable tools to finish the build around a Giannis-Adebayo-Wiggins front court. The Heat would retain a second-round pick at No. 41, the non-taxpayer mid-level exception worth around 5 million a year, and the bi-annual exception, plus the ability to use that mid-level on a perimeter creator. He floated Ayo Dosunmu as his top free-agent target and Quentin Grimes as a backup option, along with the possibility of bringing back Norman Powell on different terms.
The bigger picture from Roloff: Giannis is gone, the Heat believe they are at the front of the line, and the only argument left is whether the leaked construction or Bobby Marks' Jovic-for-Jaquez tweak is the one that actually crosses the finish line.
