
A contract buyout has been reached between the Memphis Grizzlies and guard Cole Anthony, as reported by ESPN’s Shams Charania.
The buyout makes it possible for the 24-year-old to sign with a team that is in the playoff hunt.
After Anthony clears waivers, the Milwaukee Bucks are anticipated to sign him. On Saturday night, officials from both the Grizzlies and Anthony met to negotiate the buyout.
Cole Anthony Expected to Join East Contender Following Buyout
Anthony’s Short-Lived Tenure in Memphis
As the Grizzlies looked for seasoned depth to complement Ja Morant, Anthony was traded to Memphis earlier in the offseason. Nevertheless, Anthony’s future seemed cloudy due to Morant’s full recovery, GG Jackson’s rise to prominence, and the team’s dedication to nurturing young guards such as Javon Small and Vince Williams Jr.
Rather than a burial on the bench, both sides opted for a clean break. For Memphis, the buyout clears additional cap space and allows more minutes for developmental pieces. For Anthony, it offers a chance to play meaningful basketball immediately.
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What This Means for Both Teams
For Memphis, the move aligns with a longer-term vision of internal development and cap flexibility. The Grizzlies are clearly investing in their youth, hoping to return to contention with a retooled and resilient roster.
For Milwaukee, it’s a low-risk, high-upside signing that adds another offensive weapon for a team with championship aspirations. If Anthony meshes well with the veteran-heavy core, he could play a key role as a sixth man or scoring sparkplug in the postseason.
One thing is clear—Cole Anthony is getting a second wind in his career, and the Bucks hope it turns into postseason fuel.
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