In a new twist to a busy NBA offseason, guard Cole Anthony has agreed to a contract buyout with the Memphis Grizzlies and is now expected to sign a one-year deal with the Milwaukee Bucks, according to multiple ESPN sources.
Once he clears waivers, Anthony will join a Bucks team looking to add more depth and scoring off the bench.
A Quick Stop in Memphis
Cole Anthony, 25, was recently acquired by Memphis as part of a massive trade that sent Desmond Bane to the Orlando Magic. The Grizzlies received Anthony, Kentavious Caldwell-Pope, four unprotected first-round picks, and a pick swap in return.
Despite being part of that blockbuster deal, Anthony’s stay in Memphis was always expected to be short-lived. The Grizzlies had been working closely with Anthony’s agents—Jeff Schwartz and Javon Phillips of Excel Sports—to find a solution that worked for both sides.
With Memphis aiming to create salary cap room to renegotiate Jaren Jackson Jr.’s max extension, parting ways with Anthony became a smart move.
A Fresh Start with the Bucks
Once his buyout clears, Cole Anthony is set to join the Milwaukee Bucks on a one-year deal. He brings with him five years of NBA experience, all with the Orlando Magic, where he was selected with the 15th overall pick in the 2020 NBA Draft.
Known for his energy and scoring punch, Anthony averaged 12.5 points, 4.3 assists, and 3.8 rebounds per game during his time in Orlando. He has developed into a reliable sixth man, ranking in the top five in total bench points and assists over the last three seasons, according to ESPN Research.
His ability to create offense—either for himself or teammates—could make him a valuable rotational piece for a Bucks squad that’s looking to improve its second unit behind Damian Lillard and Giannis Antetokounmpo.
What This Means for Milwaukee
Milwaukee gets a solid combo guard who can handle the ball, score in bunches, and add some pace to their second unit. With Jrue Holiday long gone and Damian Lillard handling most of the playmaking duties, Anthony gives coach Doc Rivers another option off the bench who can relieve Lillard and push the tempo.
Cole Anthony’s versatility will be key—he can play both guard spots, handle pressure, and bring scoring when the stars rest. And on a one-year deal, there’s little risk involved for the Bucks.
Grizzlies Focused on Jaren Jackson Jr.
With Anthony off the books, the Grizzlies now have more flexibility to extend Jaren Jackson Jr., who is reportedly in line for a five-year, $240 million max extension.
Memphis is reshaping its roster around Jackson and newly added assets, showing that the focus is on the long term—even if that means letting go of veterans like Anthony who don’t fit their current direction.
Cole Anthony’s move to the Milwaukee Bucks is a win-win for both sides. Milwaukee adds a proven bench scorer, while Memphis clears cap space and moves forward with its new core.
As Anthony prepares for his sixth NBA season, a new opportunity awaits on a team built to contend, and his dynamic play could be a big asset when the postseason arrives.
