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. ESPN's Shams Charania first reported the news.

Orlando Magic guard Desmond Bane hasn't been with the team for long after being acquired in a blockbuster trade with the Memphis Grizzlies for Kentavious Caldwell-Pope, Cole Anthony, four first-round picks and a pick swap.

The Orlando Magic have agreed to trade Cole Anthony, Kentavious Caldwell-Pope, and four future draft picks to the Memphis Grizzlies' for Desmond Bane – a trade that quickly sparked headlines across sports outlets on Sunday.