The Milwaukee Bucks chose to retain Giannis Antetokounmpo as the NBA trade deadline passed Thursday without any deal involving the star forward. This decision not only affects Milwaukee’s immediate plans but may also shift trade activity toward the offseason, particularly influencing teams like the Orlando Magic. The Bucks’ commitment to keeping their franchise cornerstone opens new considerations for league teams reevaluating their strategies.
NBA analyst Zach Lowe discussed these implications on The Bill Simmons Podcast, highlighting Orlando as a prime example of a team potentially impacted by Giannis’s continued presence in Milwaukee. Lowe revisited a previously suggested trade scenario involving Paolo Banchero as part of the ripple effects stemming from the Bucks’ choice.
Orlando Magic’s Current Struggles and Banchero’s Central Role
Orlando’s season has been marked by inconsistency, holding a 26-24 record with recent performances reflecting a low-energy phase. According to Lowe, the Magic’s difficulties are compounded by the uncertainty around key players like Franz, who is considered the team’s best hope for turning things around.
Can we go back to Orlando. They’re 25 and 24 and some of their losses have been recently, like the funk level hovering over there team is at DEFCON Two level funk at this point and obviously they’re waiting for Franz to come back and crossing their fingers that Franz, who is I think their best player, ties everything together.
— Zach Lowe, NBA Analyst

Lowe further suggested that Orlando’s roster and coaching staff might undergo significant changes if the team fails to improve its performance. He categorized Orlando among the teams that gained a strategic advantage due to the Bucks postponing any Giannis trade until summer, as that delay preserves Orlando’s assets and trade flexibility for longer.
I think their roster is going to look, there team could look very different next year, coach, roster, everything if they don’t turn this around. I’m trying to think what are the teams that feel like they’ve lost because the Giannis thing got kicked to the summer, and what are the teams that won because the Giannis thing got kicked to the summer. And I want to include Orlando on the latter list because you know that the Paolo and a bunch of stuff for Giannis is one of my favorite fake trades, but the Magic don’t have a bunch of stuff anymore and the bloom is off the rose for Paolo.
— Zach Lowe, NBA Analyst
Asset Constraints Shape Orlando’s Trade Prospects
Orlando’s ability to negotiate trade deals has been altered by recent franchise moves, most notably the blockbuster trade that sent four first-round draft picks to the Memphis Grizzlies in exchange for Desmond Bane. While this deal has strengthened the roster, it limited the Magic’s flexibility to offer future draft capital in trades.
Despite these constraints, Paolo Banchero remains Orlando’s leading on-court figure and potential trade centerpiece. The 23-year-old forward is delivering strong individual numbers, including an average of 21.6 points, 8.6 rebounds, and 4.8 assists per game, while logging over 34 minutes per contest. His recent performance helped the Magic secure a 118-98 victory over the Brooklyn Nets, bolstering their standing in the Eastern Conference’s seventh seed.
Financially, Banchero is committed to Orlando for the long term. After signing a five-year, $239 million rookie extension—potentially rising to $287 million with All-NBA honors—he is earning about $41.5 million this season. The contract includes a player option for the 2030-31 season, ensuring his presence on the salary books for years ahead.
Giannis Remaining in Milwaukee Delays Trade Speculation to Offseason
Giannis Antetokounmpo, a two-time MVP and former Defensive Player of the Year, stayed with the Bucks despite trade rumors involving teams such as the Miami Heat and Minnesota Timberwolves. This season, Giannis is averaging 28 points, 10 rebounds, and 5.6 assists per game, while shooting career-high percentages of 64.5% from the field and nearly 40% from beyond the arc. However, Milwaukee currently holds a 20-29 record, sitting 12th in the Eastern Conference.
The 31-year-old’s contract, valued at $175.3 million over three years with a player option for 2027-28, complicates any potential trade scenarios. While a move remains possible, the Bucks’ decision to hold Giannis for now indicates that any franchise-altering deals are more likely to occur during the offseason.
Potential Trade Discussions and Future Implications for Orlando
Zach Lowe has noted the longstanding consideration of a trade involving Banchero and Antetokounmpo, underscoring that the Bucks’ choice to postpone trade talks benefits Orlando by keeping options open. The Magic’s future direction, whether maintaining their current roster or pursuing a rebuild, may hinge heavily on offseason developments related to Giannis and the broader trade market.
As the NBA season progresses toward summer, trade conversations involving Antetokounmpo are expected to intensify. Orlando’s positioning and the collective decisions made by league executives could dramatically reshape the Magic’s lineup and competitive prospects going forward.
