- The Milwaukee Bucks traded Giannis Antetokounmpo to the Miami Heat, giving Miami’s odds to win the NBA Finals a big boost from +4000 to +1700.
- Miami’s odds to win the Eastern Conference also significantly shortened, moving from +1500 to +600 behind the Boston Celtics (+220) and New York Knicks (+275).
- Miami acquired Antetokounmpo and Bobby Portis in exchange for Tyler Herro, Kel’el Ware, Jaime Jaquez Jr., Kasparas Jakucionis, three first-round picks, a pick swap, and a second-round pick.
MIAMI – After many years of trade deadline rumors, Giannis Antetokounmpo has finally been traded to the Miami Heat. The move immediately shook up the 2026-27 NBA Finals odds board, most notably moving the Heat into the contender spot with the fifth-shortest legal sports betting odds.
2026-27 NBA Finals Odds After Giannis Trade
- San Antonio Spurs +250
- Oklahoma City Thunder +260
- Boston Celtics +650
- New York Knicks +750
- Miami Heat +1700
- Denver Nuggets +2200
- Los Angeles Lakers +2500
- Detroit Pistons +2800
- Indiana Pacers +3000
- Milwaukee Bucks +30000
The Heat were way outside the top-six in our way-too-early look at 2027 NBA Finals winner odds with +4000 odds, but now sit fifth at +1700 since acquiring Antetokounmpo. The Milwaukee Bucks fell from +25000 to +30000, effectively declaring their chances for a miracle finals run dead.
Miami had to surrender a multitude of young talent and picks to acquire Giannis, including their second-highest scorer in 2025-26, Tyler Herro, plus Kel’el Ware, Jaime Jaquez Jr., and Kasparas Jakucionis. Even with the Heat expected to lose leading scorer Norman Powell to free agency, NBA betting sites list a short price for the Heat to win the Finals without much of a bench behind their Giannis-led starting five.
BLOCKBUSTER: The Milwaukee Bucks are trading franchise icon Giannis Antetokounmpo and Bobby Portis to the Miami Heat for Tyler Herro, Kel’el Ware, Jaime Jaquez Jr., Kasparas Jakucionis, 3 first-round picks (including No. 13), 1 pick swap and 1 second-rounder, sources tell ESPN. pic.twitter.com/NQT5ZhdJU9— Shams Charania (@ShamsCharania) June 23, 2026
Heat Odds After Giannis Trade Are Third-Best To Win The East
Since acquiring Antetokounmpo, the Heat have better odds to win the Eastern Conference than the Detroit Pistons and Cleveland Cavaliers, two teams that squared off in the Eastern Conference Semifinals this season. Miami’s +600 odds only trail the Boston Celtics and New York Knicks, establishing themselves as true contenders in the Eastern Conference.
2026-27 Eastern Conference Winner Odds
- Boston Celtics +220
- New York Knicks +275
- Miami Heat +600
- Detroit Pistons +900
- Cleveland Cavaliers +1300
- Indiana Pacers +1300
- Atlanta Hawks +1800
- Philadelphia 76ers +2000
- Orlando Magic +2200
- Milwaukee Bucks +12500
The Heat were at +1500 before acquiring the two-time MVP and NBA Champion in Antetokounmpo. It’s likely the Heat aren’t done yet, so keep an eye on their NBA Finals odds as the offseason continues.
