Overview

• Memphis receives Kentavious Caldwell-Pope, Cole Anthony and five first-round assets — the 2025 No. 16 pick, Phoenix’s 2026 selection, Magic’s unprotected 2028 and 2030 picks and a lightly protected 2029 swap — in exchange for Bane.
• Orlando adds Desmond Bane, a career 41 percent three-point shooter who averaged 19.2 points, 6.1 rebounds and 5.3 assists last season, to bolster its perimeter offense alongside Paolo Banchero and Franz Wagner.
• The Grizzlies have ruled out trading Ja Morant or Jaren Jackson Jr., signaling a commitment to their core as they manage the roster around Jackson’s upcoming extension.
• The draft haul gives Memphis a cache of future assets and salary flexibility under the new collective bargaining framework for potential trades or reinforcements.
• Orlando’s move underscores its win-now focus by addressing last season’s league-worst three-point percentage and adding backcourt depth.