Grizzlies Make Big Move: Five-Year NBA Veteran Agrees to Buyout

The Memphis Grizzlies have reportedly agreed to a buyout with Cole Anthony

Unexpectedly, the Memphis Grizzlies sent Desmond Bane to the Orlando Magic along with Cole Anthony, Kentavious Caldwell-Pope, and a slew of draft picks just one month ago.

In the 2025 NBA Draft, they traded up and selected Cedric Coward with a couple of those draft picks.

Memphis intends to retain Caldwell-Pope because they think his championship experience might be crucial for a team that is trying to win a championship.

The rumors that the Gizzlies were planning to trade Cole Anthony spread rapidly, though.

The Grizzlies likely looked for a trade partner for Anthony, but he’s set to make $13 million this season, and he wasn’t good enough last year to demand that kind of contract.

Because of that, ESPN’s NBA insider Shams Charania has reported that the Grizzlies have reached an agreement for a buyout with Anthony, allowing him to sign with the Milwaukee Bucks once he clears waivers.

Anthony averaged 9.4 PPG last season in a bigger role than expected due to a lot of injuries to the Magic. He had one of his most efficient seasons since he’s been in the NBA, but the former UNC Tar Heel hasn’t been as good of a playmaker as a team would need from him.

Memphis’ backcourt has gotten crowded with the addition of Ty Jerome and the improvement of Scotty Pippen Jr., so there weren’t going to be many minutes available for Anthony had he staye don the team.

Cole Anthony will have plenty of opportunities with the Bucks, who don’t have much guard play currently.

They brought back Ryan Rollins after waiving Damian Lillard, but they could actually use someone like Anthony, who can create his own shot.

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