The Orlando Magic made June's first big splash in the NBA offseason, landing Desmond Bane from the Memphis Grizzlies in a deal that means it is "all-in" on a title hunt.

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.

The Magic will acquire guard-forward Desmond Bane from the Memphis Grizzlies in exchange for guard Cole Anthony, guard Kentavious Caldwell-Pope and multiple future first round draft picks, a league source told the Sentinel.