The starting lineups went pretty much as you would expect with James selecting Kevin Durant first, followed Kyrie Irving, Kawhi Leonard and James Harden, while Antetokounmpo assembled his starting squad featuring Steph Curry, Joel Embiid, Paul George and Kemba Walker.
James and Wade, of course, played together in Miami from 2010-2014, helping the Heat, along with forward Chris Bosh, win two National Basketball Association titles in four seasons.
"Pop is going to tell me I can only play him two minutes", James said, likely only half-seriously.
That left the third round and the decision between the two special additions to the game by NBA Commissioner Adam Silver - those being Dwyane Wade and Dirk Nowitzki.
"Tampering rules do not apply on All-Star Weekend", James replied with a chuckle.
Giannis Antetokounmpo thinks he might take Stephen Curry with his first pick in the NBA All-Star draft. James and Curry were the captains past year, but the order of their picks were not revealed or aired.
To which Giannis laughed and asked if that was tampering. TNT aired the draft Thursday evening but pre-recorded it that morning while trade news was still flying ahead of the 3 p.m. ET deadline.
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The Gunners will face Belarusian side BATE Borisov in the last 32 of the competition starting with the first leg next week.
TNT's Charles Barkley used the Westbrook-Simmons swap to joke that Antetokounmpo should trade "everybody on his bench for Anthony Davis". "I'm going with my buddy, Dwyane Wade".
The last of the starters to get drafted was the Hornets' Kemba Walker, who will be playing in front of his home fans at Charlotte's Spectrum Center.
"Kevin Durant", Antetokounmpo said.
Wade publicly said last week that he expected James to take him.
"I didn't have to lobby for it", Wade said.