Bucks offseason primer: Is this the end of the Giannis Antetokounmpo era?

Life comes at you fast.

Within four years of their 2021 NBA championship victory, the Milwaukee Bucks are, by and large, unrecognizable. A wild Game 5 loss last night marked their second consecutive first-round exit to their division rival, the Indiana Pacers, and their third first-round exit in a row.

Of course, the absence of Damian Lillard was a big part of why. Lillard left Game 4 prematurely with what transpired to be a torn Achilles tendon, one of the most serious injuries a basketball player can have, and will be out for a very long time. The Bucks had already been overly relying on Dame both on the court and in their roster construction – now, they will not even be able to do that.

The trade for Lillard put the Bucks “all in” on a pairing of him and Giannis Antetokounmpo, giving them one of the oldest teams in the league at the cost of almost every single future asset. Giannis delivered, but Dame did not, and the once-excellent supporting cast around the Greek Freak has been found wanting, aging, or both. Even more than they did last year, then, the Bucks now head into an offseason where they will need to take limited money and extremely limited assets, try and paper over the cracks of Lillard’s injury, and somehow reverse the fortunes of a franchise that is headed distinctly backwards.

With this in mind, here follows a look at the Milwaukee Bucks’ roster and spending options heading into the 2025 NBA offseason.