Will the Bucks trade Giannis Antetokounmpo prior to Thursday at 2:00 pm CT? That’s the biggest question in the NBA right now.

Appearing on SportsCenter on Monday evening (Twitter video link), ESPN’s Shams Charania provided some new details on the situation, reporting that the Warriors, Heat, Timberwolves and Knicks have all made offers for the two-time MVP.

Charania reiterated that Milwaukee, which has made counteroffers to some proposals, continues to look for a “young blue-chip talent and/or a surplus of [first-round] draft picks.”

“My understanding is the Warriors have made a pick-heavy offer, Minnesota is more of a player-centric offer, and Miami is somewhere in the middle,” Charania said. “… The Bucks are going to have to choose: do we take one of these offers and continue to negotiate? [Or wait until the offseason]?”

It’s worth noting that neither the Knicks nor the Timberwolves have first-round picks to offer in a trade (New York technically controls Washington’s 2026 first-rounder, but it’s top-eight protected and highly likely to turn into two second-round picks). In a SportsCenter appearance earlier on Monday (YouTube link), Charania’s colleague Brian Windhorst said the Knicks aren’t acting as though they plan to go all-in for Giannis.

“I just don’t think that is something that is really hot right now,” Windhorst said. “… It’s very likely for the Knicks to outbid some of the other teams that are going for Giannis that they would need to involve a third team. But they have not been active in doing that as far as I have been told. If all of a sudden that changes and they start offering players to go pick up assets, that would indicate that they’re going after Giannis.

“They have talked to the Bucks. I think they are in the conversation, but I don’t think it’s something they’re aggressively pursuing. And that kind of makes sense — they’re playing some of their best basketball right now.”

On NBA Today (YouTube link), Windhorst called the Timberwolves a “long shot” to acquire Antetokounmpo, but that doesn’t mean they’re not trying.

“They are in the game for Giannis,” Windhorst said. “And unlike some of these other teams, which may not be as aggressive, when Shams says an aggressive team, he’s talking about the Wolves. Because they are out there recruiting third and fourth teams to try to improve their offer to see if they can get Giannis.

“If they don’t [get Giannis], which I think it’s a long shot, you could see them making a backup deal [for] a guard.”

A league source tells Barry Jackson of The Miami Herald that the Heat’s offer for Antetokounmpo is “widely expected” to feature Kel’el Ware, Tyler Herro, Terry Rozier‘s expiring contract, at least one more young player, both of their tradable first-round picks (2030 and 2032), and potentially pick swaps in 2026, 2029 and 2031.

While they’re unable to include a third first-rounder right now due to the Stepien rule, the Heat might need to acquire one to sweeten their offer, and Jackson suggests a few ways they could pull that off, including amending the protections on the pick they owe the Hornets.

Appearing on SiriusXM NBA Radio with Zach Harper (Twitter video link), NBA insider Marc Stein gave his take on situation, saying “it’s really hard to call” whether Giannis will be traded in the next few days.

“I think [rival] teams themselves are trying to make sense of it, and trying to gauge how serious the Bucks are,” Stein said. “The reality is they are fielding interest and they are talking about the concept of a Giannis trade with more intensity and seriousness than has ever been applied to it.”

Writing at his Substack, Stein says the Bucks continue to hold out hope that they may be able to convince the nine-time All-NBA member to stay in Milwaukee, as unlikely as that seems at the moment.