Luke Kornet cannot be traded unless he approves the trade. Since he was re-signed for one year (or two years, with a second-year player/team option), he has the ability to veto a trade. If any player who re-signed for one year approves a trade during the 2024/25 league year, he will have Non-Bird rights at the seasons end instead of Early Bird or full Bird rights. Any player who approves a trade will retain his veto ability on his new team, and would have to consent to any subsequent deal during the 2024/25 season.

Memphis would have 16 standard contract players after the trade and would need to waive 1 player.

Minnesota would have 22 standard contract players after the trade and would need to waive 7 players.

Luke Kennard cannot be traded unless he approves the trade. Since he was signed to a one year deal with his bird-rights, he has the ability to veto a trade.

Franz Wagner is on a rookie contract and signed an extension that is to begin the following season. Therefore, he has what is known as a "poison pill" contract. He can no longer be traded for a player making equal money. Instead, his current salary is averaged along with the salaries he is to receive in his extension, and that average becomes his incoming salary for trade purposes. His outgoing value for the Magic will be $7.0M while his incoming value for the receiving team will be $38.5M.