ESPN's Shams Charania reported on Sunday that the Magic are sending guards Kentavious Caldwell-Pope and Cole Anthony along with four first-round picks and a pick swap to the Memphis Grizzlies for guard Desmond Bane. This article will be updated soon to provide more information and analysis.

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.