Overview

• No active deal is in play after New York’s August-only negotiating window expired, with the Bucks reiterating they are not shopping Giannis Antetokounmpo.
• Zach Lowe outlined theoretical swaps sending Antetokounmpo and Kyle Kuzma to the Knicks for Karl-Anthony Towns plus either OG Anunoby now or Mikal Bridges once he becomes trade-eligible on February 1.
• Reporting indicates the Knicks labeled Jalen Brunson untouchable, hold limited draft capital after recent trades, and have internal concerns about depth and roster balance in a blockbuster bid.
• Antetokounmpo said he is focused on the season and could reassess in six to seven months, while multiple insiders note Milwaukee will not engage without a formal trade request.
• Lowe identified other potential bidders if the market opens, and separate Miami reporting described a Heat framework that would exclude Bam Adebayo, a package unlikely to appeal to Milwaukee.