After trading Desmond Bane to the Orlando Magic, the Memphis Grizzlies created cap flexibility long-term and acquired several additional draft picks. However, the Grizzlies aren't turning towards a rebuild. Memphis has no intentions of trading Ja Morant or Jaren Jackson Jr.
When the Grizzlies were swept by the Oklahoma City Thunder in the first round, GM Zack Kleiman said his team wasn't close to contention. That indicated that changes were coming, but those don't include trading stars Morant or Jackson. In fact, in the wake of the Bane trade, Memphis is even more likely to create additional cap space this offseason to renegotiate-and-extend Jackson's contract.
The Grizzlies also intend to play at a faster pace under now-permanent head coach Tuomas Iisalo. Memphis believes that will maximize the skillsets of Morant and Jackson, while Bane may not have fit in quite as well in an up-tempo system.