The Memphis Grizzlies are trading Desmond Bane to the Orlando Magic for Kentavious Caldwell-Pope, Cole Anthony, four unprotected first-round picks and one first-round pick swap, sources told ESPN on Sunday.
Orlando is sending Memphis the No. 16 pick in the 2025 NBA draft, its 2026 first-round pick (which includes swap rights with the Phoenix Suns or Washington Wizards) and its 2028 and 2030 unprotected first-round selections, sources said. The pick swap is top-two protected in 2029.
The move represents a massive swing for Orlando to compete in the Eastern Conference.