Heat Land Giannis Antetokounmpo, Bobby Portis in Blockbuster Trade as $275 Million Extension Looms
Updated
Updated · ESPN · Jun 29
Heat Land Giannis Antetokounmpo, Bobby Portis in Blockbuster Trade as $275 Million Extension Looms
3 articles · Updated · ESPN · Jun 29
Summary
Miami has already reshaped the Eastern Conference before free agency opens Tuesday, acquiring Giannis Antetokounmpo and Bobby Portis from Milwaukee in the offseason’s biggest trade.
The move leaves the Heat hard-capped at the first apron because they used more than 100% of a traded player exception, with about $20.5 million below that line and up to five roster spots left.
Miami’s next task is fitting the roster around Antetokounmpo and Bam Adebayo while replacing lost perimeter shooting after sending out Tyler Herro, a career 38.2% 3-point shooter.
Antetokounmpo becomes eligible six months after the trade is finalized to sign a four-year, $275 million max extension, giving Miami a long-term path to lock in its new franchise centerpiece.
Milwaukee, meanwhile, takes back Tyler Herro, Jaime Jaquez Jr., Kel'el Ware and Kasparas Jakucionis and now must sort through a 17-player roster and extension decisions for Herro and Jaquez.