The Grizzlies will receive Kentavious Caldwell-Pope, Cole Anthony, a first-round pick swap and four unprotected first-round picks. The picks are for 2025, 2026, 2028 and 2030. A first-round pick swap in 2029 is also top-two protected.

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.

Bane joins a young core with Paolo Banchero, Franz Wagner and Jalen Suggs in pursuit of making a climb in the Eastern Conference.