Following a disappointing end in the postseason, the Magic agreed to send veteran guard Kentavious Caldwell-Pope, Cole Anthony and four unprotected first-round picks (the 2025 No. 16 overall pick plus selections in 2026 via Phoenix Suns, 2028 and 2030) along with a 2029 first-round pick swap to the Memphis Grizzlies in exchange for Desmond Bane.

The Orlando Magic are acquiring Desmond Bane from Memphis in a deal that sends Kentavious Caldwell-Pope, Cole Anthony and draft capital to the Grizzlies, according to a person with knowledge of the agreement.