The trade would send Khris Middleton, Bobby Portis, MarJon Beauchamp, and a 2031 first-round pick (via Phoenix) to Miami and Jimmy Butler and Delon Wright to Phoenix. Butler has been linked to the Bucks as a possible trade candidate, though there's confusion about his desire to join the franchise.

The Milwaukee Bucks will have at least two representatives at the 2025 NBA All-Star Game, as guard Damian Lillard was named as one of the reserves. Lillard is in his second year in Milwaukee, both of which he’s been named an NBA All-Star,