The Atlanta Hawks hold the No. 8 and No. 23 picks in the upcoming draft along with a young core of Jalen Johnson, Dyson Daniels, Onyeka Okongwu and Nickeil Alexander-Walker on team-friendly contracts. Those assets position Atlanta to absorb salary or send out matching pieces in a three-team trade that would send Giannis Antetokounmpo to the Miami Heat. Giannis has made clear he wants to stay in the Eastern Conference after 13 seasons in Milwaukee.

Atlanta's financial flexibility allows the Hawks to take back larger contracts while shedding their own, solving the salary math that a direct Bucks-to-Heat swap cannot. The frontcourt depth provided by Okongwu and Johnson fits Miami's need for interior size around Giannis without overlapping existing roles. A third team also supplies Milwaukee with more draft capital and young talent than the Heat could offer alone.

The Hawks will enter the 2026 draft with those two first-round selections and could deploy them or future picks to complete any deal before free agency begins. If Giannis signs an extension or picks up his player option, the window for such a trade would close quickly once the Finals end.