The Milwaukee Bucks promised reigning back-to-back MVP Giannis Antetokounmpo a reshaped roster to try to transform regular-season success into a championship push. In the span of hours as Monday night bled into Tuesday morning, the Bucks reached agreements on acquiring two significant players, New Orleans Pelicans guard Jrue Holiday and Sacramento Kings forward Bogdan Bogdanovic, sources told ESPN.
The Bucks made a significant case to Antetokounmpo about why he should sign the five-year supermax extension that will soon be available to him.
After executing the Holiday trade late Monday, the Bucks and Kings reached agreement in principle on a sign-and-trade that'll bring Bogdanovic and Justin James to the Bucks, sources said.
The Kings acquire versatile forward Donte DiVincenzo, D.J. Wilson and Ersan Ilyasova.
Holiday and Bogdanovic address Milwaukee's need for shooting around Antetokounmpo, and Holiday is one of the best defenders in the league.
As part of the trade for Holiday, Milwaukee is sending New Orleans a package that includes Eric Bledsoe, George Hill and three first-round picks (a 2020 first from Indiana and unprotected firsts in 2025 and 2027), sources said.
The trade also includes a pair of first-round pick swaps (in 2024 and 2026) and will ultimately amount to something similar to what the Pelicans received from the Lakers last season in the deal that sent Anthony Davis to Los Angeles.
In addition, the Pelicans will return the 60th pick in the 2020 draft to Milwaukee. The pick was acquired in 2019 for Nikola Mirotic. And, to make the trade work, Cleveland has removed the pick protection for the 2022 first that Milwaukee owes it. The Cavaliers will also receive a future second-round pick from the Bucks.
Holiday, 30, was an NBA All-Defensive first-team selection in 2017-18 and a second-team selection in 2018-19. He just missed being named to the team last season.
Holiday has a reputation around the league as being one of the best defenders and the best two-way guard. He averaged 19.1 points and 6.7 assists last season.
Holiday is set to be paid $25.4 million for the 2020-21 season and holds a player option for $26.3 million for the following year.
New Orleans adds to its pick war chest, which includes the Lakers' 2021 reverse lottery-protected pick (8-30) that becomes unprotected in 2022; the right to a 2023 Lakers first-round pick swap; and a swap in 2024 or 2025 for another first-rounder.
The draft selections give the team even more flexibility as New Orleans looks to build for the future around Zion Williamson and Brandon Ingram, who is a restricted free agent but someone the Pelicans view as a key building block going forward.
Holiday spent the past seven seasons in New Orleans, which acquired him in a draft-night deal from the Philadelphia 76ers in 2013, following his lone All-Star season. His first three years in New Orleans were filled with injuries, but over the past four seasons, he solidified his status as one of the top defenders in the league.
That status was backed up by several NBA stars this past offseason. Portland Trail Blazers guard Damian Lillard told Holiday's New Orleans teammate JJ Redick that Holiday is "the best defender in the league" in August during an appearance on Redick's "The Old Man & The Three" podcast.
In September, again on Redick's podcast, Brooklyn Nets star Kevin Durant called Holiday "probably the best defender in the league at the guard position."
Bogdanovic, 28, is a versatile offensive wing built for the modern NBA -- a volume 3-point shooter and an effective playmaker. He attempted nine 3s per 36 minutes last season for the Kings and shot 37.2% from deep. That number jumps to 40.7% on catch-and-shoot 3-pointers.
He also is effective on the move. Bogdanovic posted good numbers coming off screens and dribble handoffs and did well pushing the ball up the floor in the Kings' fast-paced offense last season, during which he averaged 15.1 points, 3.4 assists and 3.4 rebounds in 29 minutes per game.
Bledsoe, who will turn 31 before the new campaign starts, played nearly three seasons in Milwaukee and averaged 14.9 points, 5.4 assists and 4.6 rebounds in 2019-20 as the Bucks' starting point guard. Bledsoe was a first-team All-Defensive selection in 2018-19 and a second-team selection last season.
He had three years left on a four-year, $70 million extension signed prior to the 2019-20 season. Bledsoe is owed $16.9 million in 2020-21, $18.1 million in 2021-22 and $19.4 million for 2022-23, though the final year is only partially guaranteed, at $3.9 million.
Hill, 34, has two years left on his contract. He is set to be paid $9.6 million next season and $10 million the following year, though as with Bledsoe, the last year is only partially guaranteed, at $1.3 million.
Hill led the NBA in shooting 46.0% from 3-point range last season -- just ahead of Redick's 45.3%. Hill averaged 9.4 points per game as a key reserve for Milwaukee in 2019-20.
ESPN's Bobby Marks contributed to this report.