Magic Acquire Desmond Bane From Grizzlies In Three-Player Deal

4:02 pm: The trade is now official, per a Magic press release (Twitter link).


10:14 am: The Grizzlies will trade Desmond Bane to the Magic in exchange for Kentavious Caldwell-Pope, Cole Anthony, four unprotected first-round picks and one first-round pick swap, according to Shams Charania of ESPN (Twitter link).

Memphis will receive the 16th selection in this year’s draft, along with a “most favorable” 2026 first-round pick that will likely be Phoenix’s and unprotected first-rounders from Orlando in 2028 and 2030, Charania adds, noting that there’s light protection on the pick swap in 2029 (Twitter link).

Bane provides a potent offensive weapon for a Magic team that often struggled to score. He averaged 19.2 points, 6.1 rebounds and 5.3 assists in 69 games this season with a .484/.392/.894 shooting line. He’ll be another scoring threat to team with Paolo Banchero and Franz Wagner and should be a good complement to defensive specialist Jalen Suggs in the backcourt as Orlando looks to become a contender in what should be a weakened Eastern Conference.

The 27-year-old guard just completed the first season of a five-year, $197.2MM extension, so Orlando will be getting the security of a long-term contract. Bane will make $36.7MM next season, with that number rising to $44.9MM in the final year of his deal in 2028/29.

Caldwell-Pope wasn’t able to provide the Magic with consistent backcourt scoring after being signed away from Denver last offseason, but Charania notes that he’s a strong defensive wing who’ll bring championship experience to Memphis. Caldwell-Pope, 32, appeared in 77 games this season, averaging 8.7 PPG, his lowest scoring average since his rookie season. He shot 43.9% from the field and 34.2% from three-point range, significantly below the numbers he posted during his two years in Denver.

Caldwell-Pope has two years left on the deal he signed last summer and will earn $21,621,500 in each of the next two seasons.

Anthony has been a productive scorer during his five years in Orlando, but his playing time (18.4 minutes per game) and scoring average (9.4 PPG) both hit career lows this season. The 25-year-old guard will provide Memphis with instant offense off the bench and will make $13.1MM next season with a $13.1 team option for 2026/27.

Cap expert Yossi Gozlan tweets that the trade can be processed right away rather than waiting for the moratorium to be lifted on July 6. He adds that the Magic are required to do a 100% salary match because they project to be above the $195.9MM first apron next season. As a result of aggregating salaries, they will be hard-capped at the $207.8MM second apron in 2025/26, but can escape the luxury tax by declining team options on Moritz Wagner ($11MM) and Gary Harris ($7.5MM).

Gozlan also states that Orlando’s combined salary and tax bill could top $350MM in 2026/27 once Banchero’s expected max extension kicks in (Twitter link).

In addition, Gozlan notes that the deal will impact a possible renegotiation and extension for Jaren Jackson Jr. by decreasing the Grizzlies’ available cap space from $6.9MM to $4.5MM. Additional trades may be necessary to free up more money for Jackson.

ESPN’s Bobby Marks points out (via Twitter) that Bane has a 15% trade bonus in his contract, but it will be voided because it would push his salary over the maximum.

View Comments (158)