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Cole Anthony Buyout Unlocks Cap Space for Grizzlies’ Jackson Deal as Bucks Poised to Sign Guard

Milwaukee eyes Anthony as its new point guard to shore up the lineup around Giannis Antetokounmpo

Apr 23, 2025; Boston, Massachusetts, USA; Orlando Magic guard Cole Anthony (50) goes around a pick set by guard Anthony Black (0) on Boston Celtics guard Payton Pritchard (11) during the second quarter of game two of the first round of the 2024 NBA Playoffs at TD Garden. Winslow Townson-Imagn Images/File Photo
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Milwaukee Bucks
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Overview

  • Memphis finalized Cole Anthony’s buyout on July 13, removing his remaining $26.2 million salary from its books
  • The buyout freed enough cap room for the Grizzlies to agree on a five-year, $240 million maximum extension with Jaren Jackson Jr.
  • Once Jackson Jr.’s deal is official, Memphis plans to sign forwards Santi Aldama and guard Ty Jerome to bolster its young core
  • The Bucks expect to ink Anthony to a one-year contract after he clears waivers, addressing their point guard vacancy
  • Giannis Antetokounmpo has expressed a positive inclination to stay in Milwaukee, reinforcing the franchise’s offseason blueprint