With the Eastern Conference seemingly wide open next season, the Magic are making their move. Orlando acquired guard Desmond Bane from the Grizzlies in a major trade Sunday morning, ESPN's Shams Charania reports,

With the shocking news that the Orlando Magic traded for Desmond Bane from the Memphis Grizzlies, there are already some looking at the long-term impacts on the team because of the deal. While Bane's fit on the Magic might seem perfect now, NBA insider Matt Moore describes what the financial situation could look like in the near future.

The Memphis Grizzlies are sending guard Desmond Bane to the Orlando Magic in exchange for Kentavious Caldwell-Pope, Cole Anthony, four unprotected first-round draft picks and a pick swap, according to ESPN’s Shams Charania.