The Orlando Magic declined their team options for Gary Harris and Cory Joseph as part of the trade for Desmond Bane, sources told Michael Scotto of HoopsHype.
Harris' option was worth $7.5 million, with Joseph's team option worth $3.47 million for next season.
The Magic sent Kentavious Caldwell-Pope, Cole Anthony, four first-round picks and a first-round pick swap to the Grizzlies in the deal.