Image Credit: Nathan Ray Seebeck-Imagn Images

Grizzlies Buyout Cole Anthony in Full Rebuild Shift, Exit Clears Path for Jaren Jackson Jr. Extension

Memphis Grizzlies continue their rebuild with the buyout of Cole Anthony, clearing cap space

Image Credit: Nathan Ray Seebeck-Imagn Images

The Memphis Grizzlies are really making the roster blow-up with all the departures. After trading Desmond Bane, the front office is going into full rebuild mode with getting first round picks, and young faces in place of current players.

Cole Anthony becomes the next casualty of Memphis’ aggressive roster shake-up. The Grizzlies have agreed to a contract buyout for the point guard, which removes his $13.1 million salary from the upcoming season’s books. The move frees up significant luxury tax room, allowing the Grizzlies to stretch more than $10 million of Anthony’s guaranteed money across multiple seasons.

The 25-year-old arrived in Memphis as part of the Desmond Bane trade but was promptly bought out by the front office. This move also allows the front office to renegotiate and extend Jaren Jackson Jr. As of now, the Grizzlies have Ja Morant and Jaren Jackson Jr. as their cornerstone towards a rebuild.

Cole Anthony has agreed to a contract buyout with the Memphis Grizzlies and plans to sign with the Milwaukee Bucks after he clears waivers, sources tell ESPN. Grizzlies finalized the buyout with Jeff Schwartz and Javon Phillips of Excel Sports for Anthony's new opportunity. pic.twitter.com/HnCsmxaqcz
— Shams Charania (@ShamsCharania) July 13, 2025

Carl Anthony in the previous season featured in 67 games for the Orlando Magic. He averaged 9.4 points, 3.0 rebounds, 2.9 assists with a field goal percentage of 42.4. Anthony shot 35.3% from beyond the arc.

Milwaukee Bucks Lead Cole Anthony Chase

According to multiple reports, Cole Anthony is now actively pursuing a move to the Milwaukee Bucks in free agency. Contact has already been established between the two parties and a deal looks likely to conclude in the coming days.

The Milwaukee Bucks have been moving rapidly in strengthening their roster after promising Giannis Antetokounmpo the same. The Greek Freak, once rumored to be eyeing an exit, was assured of strong roster changes by the Bucks’ leadership.

Myles Turner has been a huge addition for the Eastern Conference franchise. He signed a four-year contract to bolster rim protection and floor spacing. Gary Harris signed a two-year deal, adding wing depth. The Milwaukee Bucks are creating a competitive roster for the upcoming seasons.