Orlando acquired sweet-shooting swingman Desmond Bane for veterans Kentavious Caldwell-Pope, Cole Anthony, and a smorgasbord of future first-round picks, headlined by an unprotected first-rounder from the Phoenix Suns in 2026.

The Grizzlies said goodbye to Desmond Bane after five impactful seasons — and their first major offseason move signals a new era taking shape in Memphis.

The deal gives Orlando an accomplished guard with much-needed outside shooting skills while sparking questions about Memphis’s plans for the future.