Orlando receives: Desmond Bane Memphis receives: Kentavious Caldwell-Pope, Cole Anthony, the No. 16 pick in the 2025 NBA Draft, a 2026 pick swap (the highest spot of the Magic, Suns, and Wizards), two more unprotected first round picks (2028 and 2030), and a 2029 first-round pick with Orlando.

No, the Orlando Magic did not overpay for Desmond Bane. Not when you consider what the Timberwolves and Knicks gave up for Rudy Gobert and Mikal Bridges, respectively. Bane, a 26-year-old sniper, is arguably a better player than Gobert and Bridges,

The Magic are sending guards Kentavious Caldwell-Pope and Cole Anthony along with four first-round picks and a pick swap to the Memphis Grizzlies for guard Desmond Bane. ESPN's Shams Charania first reported the news.