Giannis Antetokounmpo’s future in Milwaukee still hangs in the balance
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Milwaukee Bucks star Giannis Antetokounmpo entered the 2025-26 season without a firm commitment to finish his contract in Wisconsin, according to league and team sources.
Face-to-face in Athens
General manager Jon Horst flew roughly 6,000 miles to Athens in late July for a candid meeting with Antetokounmpo and agent Giorgos Panou. Only weeks earlier, Horst had waived and stretched Damian Lillard, absorbing the final $113 million of Lillard’s deal over five years to clear space for Myles Turner, who signed a four-year, $108 million contract. Horst outlined his belief that the retooled roster could contend; Antetokounmpo questioned whether the moves were enough to chase another championship.
Brief peace — and a family reunion
Milwaukee found temporary harmony in late August by guaranteeing brother Thanasis Antetokounmpo a one-year, $2.9 million deal while Giannis played EuroBasket. The two-time MVP returned to open training camp, but privately kept his options open.
Knicks talks stalled
During the summer, U.S.-based representative Alex Saratsis vetted outside fits. Multiple sources say Antetokounmpo named only the New York Knicks as an acceptable alternative. Milwaukee and New York spoke in August, yet negotiations never advanced. Bucks officials indicated they preferred to keep their franchise centerpiece, while the Knicks — short on first-round picks after trades for Mikal Bridges and Karl-Anthony Towns — did not present an offer Milwaukee considered overwhelming.
Playoff frustration and public comments
Since winning the 2021 title, the Bucks have fallen in the first round three straight years. Antetokounmpo averaged 30 points each of those regular seasons, joining Oscar Robertson as the only players to do so without a subsequent series win. At media day on Sept. 29, speaking remotely while in COVID-19 protocols, Antetokounmpo reiterated his desire to “compete at a high level” and win again. He later told reporters in Miami, “I just want more … You’ve got to play to win.”
Contract clock is ticking
Antetokounmpo is under contract through 2026-27 but can opt out beforehand. On Oct. 1, 2026, he becomes eligible for a four-year, $275 million extension — leverage that could shape any future trade demand. Milwaukee executives, including owners Wes Edens and Jimmy Haslem and coach Doc Rivers, insist they want the 2021 Finals MVP to stay. Rivals believe real pressure will mount if the Bucks stumble early this season.
Heavy load, heavier stakes
Lillard’s Achilles tear has ruled him out for 2025-26, increasing Antetokounmpo’s offensive burden. Milwaukee avoided the luxury tax for now, but Lillard’s stretched salary adds $22.5 million annually to the cap through 2030. Team officials hope injuries to Eastern Conference stars Tyrese Haliburton and Jayson Tatum create an opening, yet acknowledge the first months of the schedule may determine whether trade rumors reignite.
For the moment, Antetokounmpo suits up for his 13th season with the only NBA franchise he has known — while the rest of the league waits to see if that allegiance holds.
Source: ESPN
