Overview

• The Memphis Grizzlies sent All-Star guard Desmond Bane to the Orlando Magic in exchange for Kentavious Caldwell-Pope, Cole Anthony, four unprotected first-round picks (including the No. 16 overall in 2025) and a lightly protected 2029 pick swap.
• Memphis cleared significant salary cap space by moving Bane’s rising $36.7 million cap hit, positioning itself to extend Jaren Jackson Jr. on a new long-term deal.
• Orlando addressed its league-worst three-point shooting by adding a career 41 percent shooter to complement Paolo Banchero and Franz Wagner in a bid to challenge a weakened Eastern Conference.
• Kentavious Caldwell-Pope brings veteran defensive wing play and Cole Anthony adds backcourt depth for the Grizzlies as they rebuild under new coach Tuomas Iisalo.
• Both franchises are leveraging the deal strategically: the Magic to seize a window in the East and the Grizzlies to accumulate draft assets for sustained roster flexibility.