Giannis Antetokounmpo Next Team Odds: Knicks, Heat Expected to Make Push for Giannis Before Trade Deadline
The Milwaukee Bucks are once again dealing with a Giannis Antetokounmpo trade saga, less than two months after the last rumors. He allegedly wants to move on before the trade deadline next week or by the offseason, but will they actually let him? Peter Alexis analyzes the potential trade partners for Giannis Antetokounmpo as of late January.
Peter Alexis - January 28, 2026, 5:55 PM EST
5 Minute ReadGiannis Antetokounmpo Next Team Odds: Giannis Favored to Get Traded to New York Knicks Amid Rumors
The Giannis Antetokounmpo trade saga is back, and if it feels familiar, that’s because it is. Once again, reports have surfaced suggesting that Giannis is “ready to move on” from Milwaukee, either at the February 5 trade deadline or during the upcoming offseason. And once again, the league is split between those who believe this is the real breaking point and those who think it will ultimately fade away like the last few cycles of speculation.
What makes this moment different is the timing and the market reaction. With just over a week until the deadline, Giannis’ odds to be traded before February 5 have surged to 46%, nearly doubling from 23% on Wednesday morning. That kind of move doesn’t happen without serious money behind it. At the same time, the “next team” market has shifted dramatically, showing real erosion in Milwaukee’s grip on its franchise star.
The Bucks and Giannis have been through this dance before. Trade whispers flare up, nothing materializes, and both sides publicly downplay the noise. But the odds are telling a clearer story this time. Whether it leads to an actual deal or another uneasy truce remains the big question.
Bet on Giannis Antetokounmpo Next Team with Kalshi Here
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Giannis Antetokounmpo Next Team Odds
Team | Implied Probability |
|---|---|
Stays with Milwaukee Bucks | 52% |
New York Knicks | 24% |
Golden State Warriors | 18% |
Miami Heat | 10% |
Giannis Antetokounmpo Next Team Odds Breakdown
Stays With Bucks: 52% Chance Bet on Giannis Next Team with Kalshi Here
Milwaukee is still the most likely outcome, but the drop here is significant. In mid January, Giannis staying put was trading near 90%. Now it sits barely above a coin flip. That shift reflects growing skepticism that the Bucks can realistically build a contender around him in the near term.
From a leverage standpoint, the Bucks still hold the cards. Giannis is under contract, and there is no obligation to rush a deal. But the market no longer views staying in Milwaukee as the default. Even if no trade happens by February 5, the offseason looms large, and that uncertainty is clearly being priced in.
New York Knicks: 24% Chance Bet on Giannis Next Team with Kalshi Here
The Knicks have surged to the top of the challenger list, jumping from 10% earlier today to 24%. This is not new territory for New York. They have been circling Giannis for years, quietly positioning themselves with flexible contracts, draft capital, and a roster that could absorb a superstar without gutting its depth.
What’s changed is urgency. If the Bucks truly entertain offers, the Knicks are expected to push harder than anyone. They have the assets, the market appeal, and a clear path to instant contention if Giannis lands in Madison Square Garden. The odds move suggests bettors believe New York would be first in line if Milwaukee opens the door.
Golden State Warriors: 18% Chance Bet on Giannis Next Team with Kalshi Here
Golden State sits firmly in the mix, though their path is far more complicated. The Warriors have been aggressive in past star pursuits, and pairing Giannis with Stephen Curry remains one of the league’s most tantalizing “last run” scenarios.
The challenge is assets. Golden State would need to get creative with salary matching and future picks, and even then, they may not be able to outbid younger, deeper teams. Still, the market respects their willingness to swing big, which is why they trail New York closely.
Miami Heat: 10% Chance Bet on Giannis Next Team with Kalshi Here
Miami remains the familiar wild card. They always appear in superstar trade rumors, and they are expected to make a call if Giannis becomes available. The culture fit, the playoff résumé, and the appeal of South Beach all work in their favor.
That said, the Heat face similar asset limitations as the Warriors. Unless Milwaukee prioritizes veteran contributors over draft capital, Miami likely sits just behind the true frontrunners.
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