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Giannis Antetokounmpo Uncertainty Slows NBA Trade Market Ahead of Feb. 5 Deadline

League executives are pausing deals to preserve assets for a possible pursuit of the Bucks star.

Overview

  • ESPN’s Brian Windhorst reported that multiple teams have put negotiations on hold because they are not fully convinced Giannis will finish the season in Milwaukee.
  • Zach Lowe said the Hawks, Warriors, Lakers, Heat and Knicks are among franchises keeping picks and young players for a potential bid now or in the offseason.
  • Milwaukee has signaled it intends to add help around Antetokounmpo, and Giannis has said he is not seeking a trade.
  • The Bucks’ 17-24 record and recent losses to West contenders are fueling league-wide caution about near-term moves.
  • Insiders view a blockbuster as more likely after the season than at the deadline, which falls on Thursday, Feb. 5, 2026, at 3 p.m. ET.