The Bucks have officially signed free agent guard Cole Anthony, the team announced today in a press release. The move had been expected since Anthony reached a buyout agreement with the Grizzlies, who waived him over the weekend.
Anthony, 25, spent the first five years of his NBA career in Orlando, appearing in a total of 320 regular season games (125 starts) with the Magic. He saw his role cut back in 2024/25, however, setting new career lows in points (9.4) and minutes (18.4) per game, among other categories.
Prior to last season, Anthony had career averages of 13.4 points, 4.6 rebounds, and 4.1 assists in 26.5 minutes per contest, with a shooting line of .418/.343/.851.
The Magic sent Anthony and Kentavious Caldwell-Pope to Memphis last month in a trade for Desmond Bane, but the former UNC guard wasn’t in the Grizzlies plans after they agreed to sign Ty Jerome in free agency. Memphis’ buyout of Anthony – who gave up $2MM of his $13.1MM expiring contract – helped the club create the cap room necessary to renegotiate Jaren Jackson Jr.‘s contract.
In Milwaukee, Anthony should have a path to rotation minutes in a backcourt that no longer features star point guard Damian Lillard. Kevin Porter Jr. and Ryan Rollins figure to be Anthony’s top competition for playing time at the point this fall.
While Anthony’s agreement with the Bucks was reported to be a one-year deal, it’s unclear if he signed for the minimum or if he’ll get the remainder of the team’s room exception — Milwaukee still had about $3.65MM left on that exception after using a portion of it to re-sign Porter.