Friday, September 4, 2026
The FOS App is Live Download It Now

NBA Offseason Begins During Finals As Magic Trade Huge Package For Bane

What could be a very busy NBA offseason had its first major trade on Sunday, even as the NBA Finals have at least two games remaining.

Petre Thomas-Imagn Images

There are still at least two NBA Finals games to be played before this year’s champion is crowned, but a major trade on Sunday tipped off what could be a wild offseason for the league.

The Grizzlies agreed to trade guard Desmond Bane to the Magic for a huge haul: Kentavious Caldwell-Pope, Cole Anthony, the No. 16 pick in this month’s NBA Draft, four first-round picks, and a first-round pick swap. Bane, the 30th pick in the 2020 draft, will be entering the second season of a five-year, $197 million max extension that runs through 2029. He’ll turn 27 later this month.

Memphis and Orlando both made the playoffs and were eliminated in the first round this past season, despite each having bottom-six payrolls. The Grizzlies were the No. 8 seed in the Western Conference playoffs and were swept by the Thunder. Orlando was the No. 7 seed in the Eastern Conference and lost 4–1 to the Celtics.

The Grizzlies were one of seven NBA teams to fire their coach this past cycle, and are now led by Tuomas Iisalo, who got the full-time job following a stint as interim coach after Taylor Jenkins was fired in April.

There could be more movement on the way for the Magic, as adding Bane now gives the franchise the eighth-highest projected payroll in the NBA next season at $247.7 million. That would come with a massive luxury tax bill that Orlando is likely going to try to avoid.

Around the League

The Bane trade could be the first of many big NBA moves this summer.

Suns star Kevin Durant could be on his way to the fifth team of his career. Durant, 36, has one year and $54.7 million left on his contract. Should he be traded, his preferred destinations include the Heat, Spurs, or Rockets, according to ESPN.

Bucks star Giannis Antetokounmpo is reportedly “open-minded” to leaving Milwaukee. That uncertainty about his future was a factor in former Bucks co-owner Marc Lasry selling his stake in the franchise in 2023.

Other stars who could potentially be on the move include Grizzlies guard Ja Morant, Pelicans forward Zion Williamson, Jazz forward Lauri Markkanen, Suns guard Bradley Beal, Kings forward Zach LaVine, and Hawks guard Trae Young.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Breaking

Cathy Engelbert Out As WNBA Commissioner After 2026

The controversial executive is retiring, the league said Friday.
Aug 25, 2017; Seattle, WA, USA; General overall view of Seattle Seahawks logo at CenturyLink Field during a NFL football game against the Kansas City Chiefs. Mandatory Credit: Kirby Lee-USA TODAY Sports
Exclusive

Mark Stevens Is Seahawks’ Top Minority Investor

Other investors joined the Seahawks’ new ownership from the Mittal-Grousbeck group.

Louisiana Judge Sides With Players in Eligibility Fight

The ruling allows players to go from the NFL to college rosters.

Enes Kanter Freedom Sues Chicago Sky, City of Chicago

Sky owner Michael Alter said Freedom “made himself into a threat.”
podcast thumbnail mobile
Front Office Sports Today

9/4/26 – Judge Clears Pros for College, Good Good CEO Out, Russini Plots Comeback

0:00

Featured Today

Teams Are Spending Millions to Build Luxury Locker Rooms

It’s a recruiting pitch, a retention tool, and a seven-figure line item.
September 1, 2026

High School Football Sidelines Are Clogged With Content Creators

Administrators call these amateur newcomers the “pajama paparazzi.”
Aug 3, 2026; Washington, D.C., USA; Alexandra Eala (PHI) kisses the championship trophy during the trophy ceremony after her match against Jessica Pegula (USA) (not pictured) in the women's singles final of the 2026 Mubadala DC Open at Rock Creek Park Tennis Center. Mandatory Credit: Geoff Burke-Imagn Images
August 30, 2026

How Alex Eala Turned the Philippines Into a Tennis Nation

A December homecoming match could break tennis’s attendance record.
August 26, 2026

Deshaun Watson Has Done the Impossible: Unite Browns Fans

Watson was named the starter after complaining boos were “personal.”
August 23, 2026

Dan Snyder ‘Invisible’ in NFL Three Years After Commanders Sale

Snyder has had little to no contact with former NFL associates.
First at FOS

Athlos Will Still Pay $75K for Stadium After Cancelling NYC Event

Athlos canceled its third annual New York event, but London’s still on.
September 2, 2026

Premier League Clubs Spend Record $4.7B on Player Transfers

The Premier League’s transfer spending dwarfed the rest of Europe’s Big Five.
Feb 5, 2026; Dallas, Texas, USA; A view a Wilson NBA basketball and logo during the game between the Mavericks and the Spurs at the American Airlines Center. Mandatory Credit: Jerome Miron-Imagn Images
Exclusive
September 3, 2026

‘Deal Terms on the Table’: Inside the NBA’s Prediction-Market Talks

Multiple prediction-market partners are expected in time for this season.
Sponsored

Kerri Walsh Jennings’s Playbook for the Future of Volleyball

The former gold medalist talks NCAA, the Olympics, & investing in volleyball.
Aug 8, 2026; Miami, Florida, USA; Los Angeles Angels hats and gloves sit in the dugout against the Miami Marlins during the fifth inning at loanDepot Park. Mandatory Credit: Rhona Wise-Imagn Images
September 2, 2026

Kroenke Inherits Uncertain Angels TV Network, Stadium Fight

The incoming owner is also inheriting the recently rebranded RSN.
September 1, 2026

PGA of America CEO Talks Record Frisco Sales, Ryder Cup Future

Momentum is building for the 2027 PGA Championship in Frisco.
Aug 23, 2026; Los Angeles, California, USA; Los Angeles Dodgers two-way player Shohei Ohtani (17) calls out a foul ball at the bottom of the fourth inning against the Pittsburgh Pirates at Dodger Stadium. Mandatory Credit: William Navarro-Imagn Images
September 1, 2026

MLB Season Attendance Set for Fourth Consecutive Increase

The league eyes its first four-year run of growth since 2004–07.
September 1, 2026

LIV Golf’s Next Steps: Bankruptcy, Investor Talks, Contract Buyouts

Many players still have years left on their contracts.