Desmond Bane is no longer a Memphis Grizzlies guard, as the team has officially traded him to the Orlando Magic. They went all in to acquire the 26-year-old this offseason to boost their offense for the upcoming season. Now that Bane has found a new home, fans have instantly started to show curiosity about the new paycheck he will receive from the Magic.
Desmond Bane’s Current Massive Contract Explained
Bane is entering the first season of a five-year, $197.2 million contract extension he signed with the Grizzlies in July 2023. It officially kicked in after his rookie-scale contract ended. The extension runs through the 2028–29 season, with his salary starting at $34,005,250 for this first year and increasing annually.
Now that Bane has been traded from the Grizzlies, many fans wonder if his paycheck will change. However, in the NBA, a traded player’s contract remains the same unless both teams agree to make changes.
Currently, there is no news of any renegotiation regarding his contract. So, he will receive the full amount as outlined in his original agreement. Not to mention, it is currently one of the richest contracts in franchise history.
It also includes a 15% trade bonus and yearly salary increases. So, if we do the math, his paycheck will be $36.7 million in 2025–26, $39.4 million in 2026–27, and $44.9 million by the 2028–29 season when he turns 30.
What is His Net Worth in 2025?
By combining his sources of income, his net worth is projected to be between $15 million and $20 million as of 2025. However, he is not yet a major face in the endorsement world. That could change with more national exposure in Orlando and deeper playoff runs.
What’s Next for Bane and the Magic?
As the Magic keep working toward building a true playoff contender, adding Bane might be their biggest move yet. This is his chance to shine as a key player on a rising Eastern Conference squad.
In Orlando, he joins a young, energetic group that includes Paolo Banchero, Franz Wagner, and Jalen Suggs. In this roster, Bane becomes more valuable because of his elite 3-point shooting. With a career average of 41%, he brings exactly what Orlando has been missing in recent seasons.
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From the team’s point of view, they have made a significant investment. Trading away four unprotected first-round picks and two key rotation players shows how much they believe in the former Grizzlies guard. Now, there’s a possible path to success for both the team and Bane that’s worth watching closely.