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Cole Anthony to Join Bucks After Finalizing Buyout With Grizzlies

His departure paves the way for Memphis to allocate salary space toward a five-year, $240 million extension for Jaren Jackson Jr.

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

  • Anthony agreed to mutually buy out his contract with Memphis and will become a free agent after clearing waivers.
  • He is expected to sign a one-year deal with the Milwaukee Bucks pending completion of the waiver process.
  • Memphis acquired Anthony, Kentavious Caldwell-Pope, four unprotected first-round picks and a first-round pick swap in the Desmond Bane trade.
  • The buyout clears cap room for the Grizzlies to renegotiate and extend Jaren Jackson Jr. to a five-year, $240 million maximum contract.
  • Anthony, the No. 15 pick in the 2020 NBA draft, averaged 12.5 points, 4.3 assists and 3.8 rebounds over five seasons with Orlando.