Guard Cole Anthony has reached a buyout with the Memphis Grizzlies and plans to sign with the Milwaukee Bucks, per a source at ESPN.

The 25-year-old guard was shipped to Memphis in June as part of the Desmond Bane deal after spending the first five seasons of his career with the Orlando Magic. In 2024-25, he averaged 9.4 points, 3.0 rebounds and 2.9 assists, while shooting 35.3 percent from 3-point range.

Anthony was the 15th overall pick in the 2020 NBA Draft and developed into a valuable microwave scorer in Orlando’s rotation. He has scored 20 or more points in 49 career games.

Even with Ja Morant coming off a hip injury, the Grizzlies elected to part ways with the young guard. Anthony carried a $13.1 million cap hit this coming season and had a club option for $13.1 million for 2026-27.

Meanwhile, the Bucks had a glaring need at point guard following their decision to waive superstar Damian Lillard. Anthony can provide some much-needed playmaking and scoring in the backcourt.

–Field Level Media