MEMPHIS, Tenn. — The Memphis Grizzlies have traded veteran guard Desmond Bane to the Orlando Magic, reports confirm.
On Sunday morning, it was announced that in exchange for Bane, the Grizzlies will receive guards Kentavious Caldwell-Pope, Cole Anthony, four unprotected first-round picks and one first-round pick swap.
The Grizzlies drafted Desmond Bane out of TCU in the first round of the 2020 draft.
In his five seasons with the team, Bane averaged 17.8 points, 4.6 rebounds and 3.8 assists per game.
Prior to the start of the 2024 season, Bane signed a five-year contract extension worth over $197 million.
During that year, Bane was second on the team in assists per game (5.3) and third in points per game (19.2) and rebounds per game (6.1).
Kentavious Caldwell-Pope is a two-time NBA Champion who signed with the Orlando Magic ahead of the 2024 campaign.
In 77 games with the team, Caldwell-Pope averaged 8.7 points, 2.2 rebounds and 1.8 assists per game.
Cole Anthony was drafted by the Orlando Magic in the first round of the 2020 NBA Draft.
In his five seasons with the team, Anthony averaged 12.5 points per game, 4.3 rebounds and 3.8 assists per game.
In addition to the players, the Grizzlies will receive the 16th overall pick in the 2025 NBA Draft, Phoenix’s first-round pick in 2026, plus its 2028 and 2030 unprotected first-round selections, sources said. The pick swap is lightly protected in 2029.