The eyes of the NBA world are on the Milwaukee Bucks ahead of Thursday’s trade deadline, and ESPN’s Shams Charania provided more details Monday about the potential offers they are looking at for Giannis Antetokounmpo.

Charania listed the Golden State Warriors, Minnesota Timberwolves and Miami Heat as teams that have made offers with the Bucks “engaged” in trade discussions and “making counteroffers” as they look for “a young, bluechip talent and/or a surplus of draft picks.”

According to Charania, Golden State’s offer is “pick heavy,” while Minnesota’s is “more of a player-centric” one. As for the Heat, they are “somewhere in the middle” with a combination of picks and players.

Ultimately, Milwaukee is going to have to decide whether it will receive better offers ahead of the deadline or during the offseason. While keeping the franchise cornerstone will at least give the team the benefit of having Antetokounmpo on the court this season when he returns from injury, the Bucks are four games out of the final play-in spot in the East.

Antetokounmpo returning and playing well down the stretch could put them in position where they miss the playoffs all while adding too many wins to receive a top-five draft pick.

There is also the matter of his contract, which will have one more season until his 2027-28 player option if the Bucks keep him until the offseason. Charania reported the team would be losing plenty of leverage to Antetokounmpo in such a situation because teams likely won’t want to trade for him for just one season if he doesn’t want to re-sign at his next destination.

Notably, Golden State and Miami are both in play-in tournament position themselves and aren’t realistic contenders as currently constructed. 

But adding Antetokounmpo could change that, as he is still on the short list of the best players in the league when healthy and on the floor. And the idea of stopping an offense that has Antetokounmpo attacking the rim and Stephen Curry launching from well beyond the arc is surely concerning for the rest of the Western Conference.

Then there is Minnesota, which is fifth in the West and coming off two straight Western Conference Finals losses.

It may need another piece to get over that hump and reach the NBA Finals, and pairing Antetokounmpo with Anthony Edwards could be just the thing needed to take that step.

But Milwaukee would have to accept its offer first.