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.
Pacers’ Jarace Walker Expected To Miss Rest Of Finals
Pacers reserve forward Jarace Walker likely won’t return to action during the NBA Finals, head coach Rick Carlisle said on Sunday, per Tony East of ClutchPoints (Twitter link). Walker has missed the entire series so far with a sprained right ankle.
“He is doing better,” Carlisle said. “He is off crutches and he is walking with a slight limp now. So it’s very unlikely that he’ll be able to play in this series. But he is doing better. It would be great if he was available because I do think he would help us.”
The 6’8″ forward enjoyed an expanded bench role on Indiana during his second pro regular season out of Houston. In 75 healthy games, Walker averaged 6.1 PPG, 3.1 RPG, and 1.5 APG in 15.8 MPG. He also notched shooting splits of .472/.405/.667. Carlisle tightened his rotation in the playoffs, reducing Walker’s minutes to 9.8 MPG.
Without Walker available, Obi Toppin has become an even more essential frontcourt bench contributor for Indiana in the series, taking on a larger role.
Indiana and the Thunder are currently knotted up, 2-2, in the ongoing series. A pivotal Game 5 is slated for Monday night in Oklahoma City. The Pacers are appearing in their first NBA Finals since 2000 — more than three years before the 21-year-old Walker was even born.
Knicks Notes: Thibodeau, Bickerstaff, Kidd, Coach Search
Pistons head coach J.B. Bickerstaff seemingly came to the defense of now-former Knicks head coach Tom Thibodeau, without explicitly naming the team or coach, writes Matt Ehalt of The New York Post.
During a conversation on ESPN Radio’s “Joe & Q” on Friday, Bickerstaff was asked about the league-wide reaction to the coaching situation in New York. The Knicks fired Thibodeau after he led to a 51-win regular season and its first Eastern Conference Finals appearance in 25 years and have since been denied permission to speak to several currently employed head coaches around the NBA.
“I don’t want to call it the cherry on top, but it’s the final straw, I think, of what has happened this season and the level of respect that we feel coaches deserve versus what they are getting,” Bickerstaff said.
“When you are a coach, you feel like there is a job that you have been told to do,” Bickerstaff added. “And when you go out and do that job well, you should carry it over to the next year. If you have had past successes, that should envision future successes. You can’t guess what the future is going to look like with somebody new.”
There’s more out of New York:
- The Knicks received serious push-back when they attempted to talk with current Mavericks head coach Jason Kidd about their new head coaching vacancy, observes Ryan Dunleavy of The New York Post. Among the other teams New York reached out to, the team got similarly emphatic rejections, as ESPN’s Shams Charania recently detailed on The Rich Eisen Show (YouTube video link).“Out of the five rejections, some of the scenarios that I heard [were], you know, teams would just hang up,” Charania said. “They would say no—and hang up. Teams would have maybe some profanity, maybe there is some ‘F— no.'” In addition to Kidd, the Knicks reportedly also reached out to the Timberwolves, Rockets, Hawks and Bulls about poaching their current head coaches.
- Following a stellar five-year stint under Thibodeau that turned them back into perennial threats in the East, the Knicks must nail this next head coaching hire, opines Steve Popper of Newsday (subscriber link). Popper notes that, though New York was ridiculed after being rejected in all five of its initial bids for rival coaches, sources told him that Kidd and Chicago coach Billy Donovan were still potentially in the running. Popper takes stock of some free agent candidates for the gig, including Taylor Jenkins, Mike Brown, Michael Malone, Mike Budenholzer and Frank Vogel.
- In case you missed it, the Knicks are now seen as a long shot to acquire 15-time All-Star Suns forward Kevin Durant in a trade.
Lakers Expected To Keep Trey Jemison, Re-Sign Christian Koloko
The Lakers are likely to bring back two-way players Trey Jemison and Christian Koloko next season, Jovan Buha of The Athletic said in a recent video Q&A session (YouTube link, hat tip to BasketNews).
Jemison signed a two-year, two-way contract in January, so Buha expects L.A. to keep him as one of its three two-way players. The 25-year-old center had some productive moments in his 22 games with the Lakers, averaging 2.6 points and 2.8 rebounds in 10.3 minutes per night while shooting 61.9% from the field. He also spent time with New Orleans last season and had brief stints with Washington and Memphis in 2023/24.
Koloko, who’ll turn 25 this week, joined the Lakers in September after overcoming a blood clot issue that forced him to sit out the 2023/24 season. He appeared in 37 games, averaging 2.4 points and 2.5 rebounds in 9.2 minutes per night and shot 60.6% from the floor. Koloko will become a restricted free agent if the Lakers submit a qualifying offer, which Buha expects them to do.
“I think it would be a mistake to let him walk without at least trying to retain him,” Buha said. “Koloko makes sense as a 14th or 15th guy on the roster, a third center. And Jemison fits as a two-way guy. I think both guys would tentatively be back.”
The Lakers’ other two-way player from this season, Jordan Goodwin, was promoted to a standard contract in late March. There was speculation that Jemison or Koloko might join him to become eligible for the playoffs, but L.A. opted to keep veteran big man Alex Len, who made two brief appearances in the first-round loss to Minnesota. Coach J.J. Redick played without a center for long stretches as the series wore on.
Buha addressed a few other topics in the video, stating that Jazz center Walker Kessler is probably unrealistic as a trade target and suggesting veteran point guard Chris Paul as a free agent addition on a veteran’s minimum contract.
Rockets Notes: Smith, Adams, VanVleet, Sheppard
Rockets forward Jabari Smith Jr. is focused on improving his ball-handling skills in preparation for his fourth NBA season, he tells Ari Alexander of KPRC in Houston (Twitter video link, hat tip to Ben DuBose of Rockets Wire). Smith felt it was important to get back to work quickly after the Rockets were knocked out of the playoffs by Golden State in the first round.
“Just the mindset, I was very hungry,” he said. “We didn’t finish the season how we wanted to, so I was ready to get back in the gym and work on what I need to work on. I want to have a big summer and come back next year looking like a whole different player.”
This is a significant offseason for Smith, the No. 3 pick in 2022, who will be eligible for a rookie scale extension. He missed close to two months after fracturing a bone in his hand, then was removed from the starting lineup in late February. He averaged a career-low 12.2 PPG in 57 games, but he just turned 22 last month and offers a high-level combination of defense, rebounding and outside shooting. He’s reportedly among the Rockets players Phoenix is targeting in a potential Kevin Durant trade.
Smith’s summer program includes working with skills trainer Aaron Miller, who has an extensive history with NBA players.
“It’s real technical, with a lot of attention to detail,” Smith said. “I just like how detailed it is, and how down to the science it is.”
There’s more from Houston:
- Steven Adams‘ salary will decline each season under his new three-year extension, per Keith Smith of Spotrac (Twitter link). The contract is front-loaded at $14,130,434 for the upcoming season, followed by $13MM in 2026/27 and $11,869,566 in 2027/28. As we relayed yesterday, the deal is fully guaranteed and contains no team or player option.
- Fred VanVleet and the Rockets have “mutual interest” in staying together, Shams Charania of ESPN confirms. Houston faces a June 29 deadline to exercise a $44.9MM option on the 31-year-old guard, but it’s possible that the option may be declined and replaced with a longer contract. Cap expert Yossi Gozlan suggests (via Twitter) that Adams’ early extension agreement could be a sign that there’s confidence about a restructured deal with VanVleet. He also states that Houston could get below the aprons and dodge the luxury tax by waiving all its non-guaranteed contracts, trading the 10th pick in the draft and cutting VanVleet’s current salary by about 25%.
- Reed Sheppard will participate in this year’s Summer League in preparation for a larger role next season, Danielle Lerner of The Houston Chronicle states in a mailbag column.
And-Ones: Howard, Jordan, Shoe Deals, 2019 Redraft
Dwight Howard was ejected Saturday during his BIG3 debut for getting into a fight with former NBA player Lance Stephenson, BasketNews relays. The scuffle began after Howard, who plays for the Los Angeles Riot, appeared to get elbowed in the chest by Stephenson of Miami 305. Howard swatted Stephenson’s arm away, and they began exchanging punches (video link from Ballislife.com).
“This is not exactly how I pictured my debut going,” Howard said in a statement released by his team.
Stephenson was also involved in an incident with L.A.’s Jordan Crawford, BasketNews adds. After a brief confrontation, Crawford put his hand in Stephenson’s face and touched his nose. Stephenson responded by throwing a punch, but both players stayed in the game.
Howard, an eight-time All-Star and a member of this year’s Basketball Hall of Fame class, is one of the most significant names ever to join the BIG3, which is now in its eighth season.
“Dwight’s legacy speaks for itself,” league co-founder Ice Cube said. “He still has fun playing the game … and now he gets to show his full skill set in the BIG3.”
Here are a few more odds and ends from around the basketball world:
- Michael Jordan is looking forward to joining the NBC Sports broadcasting team when the network resumes covering the NBA this fall, announcer Noah Eagle said during an appearance on the Awful Announcing Podcast with Brandon Contes. Jordan will serve as a special contributor, but his duties haven’t been defined. Eagle said NBC Sports executive Jon Miller, a longtime friend of Jordan who arranged his hiring, told him that the NBA legend is “legitimately excited.” “And I asked him, I said, ‘Is he legitimately in on this?’ And he was like, ‘Yes, he’s fully, fully in,’” Eagle said. “Whatever that means is great. I have no idea what he’s going to be doing, but I just love the fact that I can walk around and be like, ‘You know my colleague?’ ‘Who’s that?’ ‘You know, Michael Jordan. No big deal. Just a Hall of Famer. Some would say he’s the greatest basketball player ever, but, yeah, he’s also my co-worker.’”
- Jason Jones and Shakeia Taylor of The Athletic examine the evolution of shoe contracts among NBA players, noting that Pacers star Tyrese Haliburton is debuting the Puma Hali 1 during the Finals. Jones and Taylor state that players are placing greater emphasis on ownership and control of their brands.
- Memphis guard Ja Morant rises to the No. 1 pick as HoopsHype conducts a 2019 redraft. Cleveland guard Darius Garland also moves ahead of New Orleans forward Zion Williamson, the actual No. 1 pick, with Miami guard Tyler Herro and Washington guard Jordan Poole rounding out the top five.
Steven Adams Signs Three-Year Extension With Rockets
10:00 pm: The extension is official, according to NBA.com’s transaction log.
1:35 pm: The Rockets and Steven Adams have agreed to a contract extension, according to Shams Charania of ESPN, who reports that the veteran center will receive a three-year, $39MM deal.
Adams’ extension is fully guaranteed, sources tell Charania, and does not feature a player or team option, per Kelly Iko of The Athletic (Twitter link). The big man from New Zealand earned $12.6MM this past season.
As ESPN’s Bobby Marks notes (Twitter link), Adams was extension-eligible until June 30, the last day of the current league year.
Adams, who turns 32 years old next month, missed about half of the 2022/23 season with a knee injury. That same injury, which eventually required surgery, kept him on the shelf for the entire ’23/24 campaign. After a 21-month absence, he returned to action in late October.
The Rockets brought Adams along slowly to open ’24/25, frequently giving him extra rest days and limiting his playing time. He wound up making 58 regular season appearances and averaging a career-low 13.7 minutes per game.
While his production looked fairly modest on the surface — he averaged 3.9 points and 5.6 rebounds — Adams quietly posted the best offensive rebounding percentage of his career. His +9.4 net rating during the regular season and +14.1 mark in the postseason were both team highs, making him a key reserve for Houston.
GM Rafael Stone said retaining Adams would be a high priority this offseason, and subsequent reporting confirmed as much. Instead of becoming an unrestricted free agent, he opted to remain with the Rockets.
While there has been no indication that Houston is interested in trading Adams, it’s worth noting that, depending on the structure of the deal, he may remain trade-eligible after signing his new extension (assuming his annual raises don’t exceed 5%). Had he re-signed with the team as a free agent, he would not have been trade-eligible until December 15.
Spurs, Rockets, Heat On Kevin Durant’s Wish List
The Spurs and Rockets are Kevin Durant‘s preferred trade destinations, league sources tell Sam Amick of The Athletic, who provides an overview of the status of trade talks along with Athletic writers Kelly Iko and Jon Krawczynski. Amick cautions that Durant’s desire to play in San Antonio or Houston doesn’t mean he’ll wind up in one of those cities, as there are “complicating factors” with both teams that make deals difficult.
Shams Charania of ESPN shares a similar report, but says Durant is interested in joining the Heat as well as the two Texas teams. He states that “people across the NBA” have been told that those are the three teams Durant would consider signing an extension with. He has one year left on his contract at $54.7MM.
Charania notes that once the trade is complete, Durant will become eligible on July 6 for a two-year contract extension worth up to $122MM. If he waits until six months after the trade becomes official, the extension rises to a potential $124MM over two years.
Sources tell Charania that Durant is being pursued by six to eight “seriously interested teams.” The Suns have informed those teams that they plan to make the best deal for themselves, even if Durant winds up somewhere he doesn’t want to go.
Within the Athletic’s report, Iko notes that the Spurs have a base of young talent, no current cap worries and a wealth of draft assets (13 first-round picks through 2032), putting them in position for a “timeline-altering move” to speed up the building process around Victor Wembanyama. League sources tell Iko that San Antonio remains unwilling to part with the No. 2 pick in this year’s draft, which is expected to bring Rutgers guard Dylan Harper, but the Spurs would make the 14th pick available.
Echoing a report earlier today by Jake Fischer of The Stein Line, Iko states that Phoenix has been underwhelmed by offers constructed around Devin Vassell, Keldon Johnson and Harrison Barnes. Durant’s desire to join the Spurs will factor into the equation, but Iko sounds skeptical that a deal will happen unless their offers improve.
The Rockets are in a similar situation, Iko adds, as a young team that has to decide how badly it wants to disrupt its current timeline to add an aging and expensive player, even one as productive as Durant. He notes that Houston and Phoenix have been engaged in talks regarding Durant for more than a year, but the Suns’ decision to restructure their front office, with Brian Gregory taking over as general manager, have affected those negotiations.
Sources tell Iko that originally Phoenix was determined to regain control of its first-round picks that Houston owns in 2025, 2027 and 2029, and later switched to asking for multiple young players such as Alperen Sengun and Jalen Green. Team and league sources tell Iko that Jabari Smith Jr. has recently become the focus of the Suns’ pursuit. Iko hears that Green wants to stay in Houston and atone for his poor playoff performance and that the Rockets’ front office hasn’t shown much interest in breaking up its young core in pursuit of Durant.
Krawczynski discusses the challenge of bringing Durant’s contract to Minnesota, which is currently above the second apron, just like Phoenix. Wolves sources tell him that the team won’t part with Jaden McDaniels in a Durant trade, which means Julius Randle or Rudy Gobert would have to be included to help match salaries if Minnesota can regain the ability to aggregate by dropping below the second apron. Randle has a $30.9MM player option for next season that he would have to agree to pick up before being included in a deal, while Gobert is under contract for $35MM. Krawczynski notes that either player would be a solid addition alongside Devin Booker and could help the Suns get back into the playoff race.
He adds that another salary, such as Donte DiVincenzo’s $12MM, would have to be included, and Phoenix would probably want one of Minnesota’s young players thrown in, such as Rob Dillingham, Terrence Shannon or Jaylen Clark.
Pacers Notes: Game 4 Loss, Haliburton, Mathurin, Nesmith, Carlisle
The Pacers were on their way to taking a commanding 3-1 lead in the NBA Finals Friday night when their offense inexplicably hit a wall, writes James Boyd of The Athletic. The crisp passing and constant motion they’ve displayed throughout the series disappeared in the fourth quarter, allowing Oklahoma City to rally for a 111-104 victory and head back home with the series tied.
“We just got too stagnant,” coach Rick Carlisle said. “The ball was not being advanced quickly enough. We weren’t creating problems, and we were up against the clock a lot. So things got very difficult, but you gotta give Oklahoma (City) credit. They made it very difficult.”
The numbers tell an ugly story as Indiana was outscored 31-17 during the final 12 minutes. Tyrese Haliburton, who went 3-of-7, was the only Pacers player to make more than one shot during the fourth quarter as they registered just one assist and committed three turnovers. Ten of their 27 fouls came in the fourth quarter, and they shot just 5-of-18 as a team while missing all eight of their three-point attempts.
“I gotta do a better job of keeping pace in the game,” Haliburton said. “I thought I did a much better job of that last game, especially down the stretch. Keeping pace, getting rebounds and really pushing (the ball). I think we gotta do a better job of when we do get stops, getting out and running. A lot of times in that fourth (quarter), we were fouling too much, taking the ball out, having to kind of run (a set play) versus just random basketball.”
There’s more on the Pacers:
- Even with the late struggles, Indiana was positioned for another miracle finish when Bennedict Mathurin went to the foul line trailing by four points with 24 seconds remaining, per Kyle Neddenriep of The Indianapolis Star. Mathurin missed both shots, but got another opportunity a few seconds later with a five-point deficit. He split those attempts, effectively killing any hope of a Pacers comeback. “It’s very tough,” said Mathurin, who had been connecting at 89% from the line throughout the playoffs. “I’ve made those free throws, and I love making tough free throws. The only thing I can do is to knock them down next time.”
- During Friday’s broadcast, ABC announcer Mike Breen shared a conversation with Pacers forward Aaron Nesmith, who credited Celtics coach Joe Mazzulla for helping him early in his career, relays Brian Robb of MassLive. Nesmith played two seasons in Boston before being traded to Indiana in 2022.
- Carlisle has been preparing his players for a lengthy series, which will last 18 days if it goes the full seven games, according to Jamal Collier of ESPN. Carlisle believes his team will be mentally ready when play resumes Monday night. “It’s long. It’s arduous. But it’s the greatest opportunity going,” he said. “It’s really hard, and it’s supposed to be hard. This is where we’re going to have to dig in and circle the wagons and come back stronger on Monday. This is a big disappointment, but there’s three games left. This series is going to come down to the basics. … This kind of a challenge is going to have extreme highs and extreme lows. This is a low right now, and we’re going to have to bounce back from it.”
Celtics Notes: Centers, Horford, Kornet, Tatum, Draft
The Celtics should be in the market for center help this summer, Brian Robb of MassLive states in a mailbag column. Kristaps Porzingis is a prime candidate to be traded because of his $30.7MM salary for next season, while Al Horford and Luke Kornet are both headed to free agency. There’s no guarantee that Horford, who turned 39 earlier this month, will continue playing as Boston may take a step back from title contention in the wake of Jayson Tatum‘s Achilles tear.
Robb notes that the Celtics will miss Tatum’s rebounding prowess next season, as none of the team’s current options in the middle are particularly strong on the boards. Tatum averaged 8.7 rebounds this year, and Boston was dominated off the glass without him in its Game 6 loss to New York.
Robb adds that the Celtics will have to take back some salary in the expected deals involving Porzingis, Jrue Holiday and possibly others, so that may be an avenue to find help in the middle. Boston would be limited to veteran’s minimum offers in free agency, and Robb suggests that would involve players in the class of Mason Plumlee, Jaxson Hayes or Paul Reed.
There’s more on the Celtics:
- Steven Adams‘ new contract in Houston takes a prominent center off the free agent market and could increase the value of Horford and Kornet, Robb adds in a separate piece. Once the top names such as Myles Turner and Naz Reid are off the board, Robb suggests that Horford and Kornet could get offers at the taxpayer mid-level exception ($5.7MM) or higher. The Celtics hold Bird rights on both players.
- Hawks legend Dominique Wilkins could serve as an inspiration for Tatum as he works his way back from the Achilles injury, per Gary Washburn of The Boston Globe. Wilkins ruptured his Achilles in January of 1992 when it was considered a potential career-ending injury, but he was able to return for opening night of the 1992/93 season and averaged 29.9 PPG while finishing fifth in the MVP voting. “That injury is a serious injury,” Wilkins told Washburn. “And Jayson had the same type of injury I had, meaning he had a complete tear because there is no way you could walk off the floor. That’s a devastating injury, but the thing is the work he puts in is going to determine what he gets out of it. I worked twice a day every day for nine months and came back quicker than anybody. But it was my level of commitment and Jayson is a kid that loves the game and I have a lot of respect and am a fan of his. I have no doubt that he’s going to put in the work to get back to the same level he was.”
- Justin Quinn of Celtics Wire takes a look at all the players the team has hosted for pre-draft workouts, including prominent names such as Cedric Coward and Drake Powell. Boston has the 28th and 32nd picks in this year’s draft.