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February 6, 2026

Report: Bucks plan to retain Antetokounmpo, deal Coffey and Anthony

While rumors have swirled in recent weeks about Giannis Antetokounmpo’s potential departure, the Milwaukee Bucks have made it clear they’re not trading their two-time NBA MVP at least, not yet. According to reporting by ESPN’s Shams Charania, the Bucks informed rival teams that Giannis would not be available ahead of the league’s trade deadline, choosing instead to make moves elsewhere on the roster.

This decision reaffirms the organization’s commitment to building around their superstar and maximizing their championship window in the highly competitive Eastern Conference.

Trade Activity: Bucks Reshape Supporting Cast

Milwaukee shifted their focus to the role players on their roster, finalizing a three-team trade shortly before the trade deadline. Per Charania’s subsequent updates, the deal sends Cole Anthony and Amir Coffey to the Phoenix Suns, with the Bucks acquiring Nigel Hayes-Davis and Ousmane Dieng from the Chicago Bulls. The Bulls, in turn, bring in Nick Richards from the Suns to round out the exchange.

This transaction provides the Bucks with two contracts set to expire at the end of this season, opening up financial flexibility that could benefit the team in future free agency periods or additional trades. Meanwhile, Phoenix gains offensive depth in their backcourt, hoping to solidify their playoff position out West.

Anthony and Coffey Provide a Boost to Phoenix

With this multi-team swap, the Suns add some much-needed depth behind their starting guards. Cole Anthony, although in the midst of a season with limited production posting 6.7 points and 3.5 assists per contest was a solid contributor for the Orlando Magic over five years. In his time with Orlando, Anthony averaged 12 points per game and showed he can run the second unit with efficiency.

Amir Coffey brings versatility on the wing. Though his minutes have dwindled this season, Coffey is recognized for his reliable three-point shooting, connecting at a 38% clip across his career. He tallied nearly double-digit points per game last season and brings length, defensive effort, and the ability to space the floor traits Phoenix hopes to leverage as they chase a top Western Conference playoff seed.

Bucks Eye Flexibility While Staying Competitive

On Milwaukee’s side of the deal, the acquisitions of Nigel Hayes-Davis and Ousmane Dieng are largely about financial maneuvering. Both players are on expiring deals, giving the Bucks additional room to reshape the roster in the upcoming offseason or maintain cap space for future trade opportunities. The Bucks remain intent on maximizing their chances to contend, leaning on their established core and the star power of Antetokounmpo.

This approach underscores a common theme in the NBA: balancing immediate roster needs with longer-term strategy. The Bucks’ willingness to move complementary pieces rather than altering their foundational lineup signals trust in Giannis as the centerpiece for years to come.

Final Thoughts: Milwaukee’s Commitment to Their Star

As the dust settles from another frenetic NBA trade deadline, it’s clear that the Bucks are doubling down on their franchise player, keeping Giannis Antetokounmpo in Milwaukee at least for now. By sending Anthony and Coffey to Phoenix and bringing in Hayes-Davis and Dieng via Chicago, the Bucks maintain roster stability while gaining flexibility for future roster enhancements.

The rest of the season will reveal whether these tweaks give Milwaukee enough of an edge in their championship pursuit. One thing remains certain: the Bucks are not ready to hand over the keys to their kingdom just yet.