Yeah, this makes the Bucks much MUCH better. Holiday isn't a superstar, but he's a terrific player and a great complement. Bogdanovich has holes in his game, but will really help.
I was going to write the same thing. Everyone hooting and hollering about how bad this is should visit the Lakers thread from when they traded for AD. Getting the best players in a deal to surround a stud like Giannis or LeBron and letting the rest sort itself out is a good strategy. "Value" isn't the best way to judge trades. In the context in which they're in, Milw has done very well.
I agree with most of this.
Value is not the end all be all, but it is a consideration. If Milwaukee had pushed back on one of those swaps, was Griffin really going to find a better deal. More importantly, trading away four drafts is a much much bigger risk for the Bucks and the Lakers. The Lakers managed to make a bunch of dumb move, have a few misses and still land Lebron, which then allowed for the AD force a trade move. That path to recovery is not available to the Bucks. If those goes down in flames, the only path to a rebuild will be blocked for a long time.
That being said, if Giannis signs the extension because of these moves you do it 10 times out of 10. If you are a small market team with a perennial MVP, you take your shot. It maybe decades before you find another one.