Apr 9, 2025; Orlando, Florida, USA; Orlando Magic guard Cole Anthony (50) drives past Boston Celtics forward Torrey Craig (12) during the second half at Kia Center. Mandatory Credit: Mike Watters-Imagn Images Mike Watters-Imagn Images

Former Magic Guard Cole Anthony Intends To Sign With East Contender After Buyout Creates Fresh Opportunity

Originally posted on Orlando Magic on SI
By Anthony Pasciolla | Last updated Jul 12, 2025 8:49 PM ET

Cole Anthony spent the first five seasons of his NBA career with the Orlando Magic but will spend 2026 playing for one of their biggest competitors.

Anthony was dealt to the Memphis Grizzlies in the blockbuster trade that landed guard Desmond Bane in Orlando. However, the 25-year-old won't ever suit up for the Grizzlies, as ESPN's Shams Charania broke the news he is agreeing to a contract buyout with Memphis and reportedly signing with the Milwaukee Bucks.

"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," Charania posted to his X account.

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

The Bucks shockingly parted ways with veteran All-Star guard Damian Lillard earlier this offseason to sign ex-Indiana Pacers center Myles Turner. This move makes a ton of sense for Anthony and Milwaukee, as the former will have a substantial role on a championship contender while the Bucks fill a hole in their roster.

Although Anthony has the ability to contribute on defense with his tenacity, his services are much more valued on offense. He continues to struggle with efficiency but managed to average 16.3 points in 2022 when he played 31.7 minutes per game.

Since then, Anthony has only seen his role in Orlando decrease, which is why he likely sees teaming up with Giannis Antetokounmpo on the Bucks as a fresh start.