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The Memphis Grizzlies have reportedly agreed to trade Desmond Bane to the Orlando Magic in exchange for Kentavious Caldwell-Pope, Cole Anthony, four unprotected first-round picks and one first-round swap, sources with knowledge of the situation confirmed to ESPN's Shams Charania Sunday (June 15) morning.
"Massive swing for Orlando to compete in the Eastern Conference, and for the Grizzlies, an opportunity to add a championship defensive wing, backcourt depth and a major haul of draft picks to utilize," Charania wrote on his X account. "Magic President Jeff Weltman made clear the franchise was taking an aggressive, win-now approach to this offseason, and they kicked off the summer Sunday by adding Bane to the core of Paolo Banchero, Franz Wagner and Jalen Suggs.
Bane, 26, averaged 19.2 points, 6.1 rebounds and 5.3 assists for the Grizzlies during the 2024-25 NBA regular season and 23.5 points, 6.0 rebounds and 3.2 assists in six games during the postseason. Caldwell-Pope averaged 8.7 points, 2.2 rebounds and 1.8 assists and Anthony averaged 9.4 points, 3.0 rebounds and 2.9 assists for the Magic during the 2024-25 regular season.
The Magic have finished first in the Southeastern Division and been eliminated in the first-round of the playoffs during each of the last two seasons. The Grizzlies finished eighth in the Western Conference standings and were also eliminated in the first-round of the playoffs.