The Grizzlies need to clear cap space after reportedly agreeing to deals to re-sign Santi Aldama and to renegotiate and extend Jaren Jackson Jr's contract. Anthony has two years and $26 million left on his current contract, but the second season is a team option.

The Memphis Grizzlies are working with the representatives of veteran guard Cole Anthony to secure a buyout for the 25-year-old that would make him an unrestricted free agent, according to a report from ESPN's Shams Charania.

The Memphis Grizzlies and Cole Anthony’s reps at Excel Sports are working toward a resolution that allows Memphis to create the necessary cap space to renegotiate and extend Jaren Jackson Jr. while giving Anthony the opportunity to find his next destination,

The Memphis Grizzlies and Cole Anthony’s reps at Excel Sports are working toward a resolution that allows Memphis to create the necessary cap space to renegotiate and extend Jaren Jackson Jr. while giving Anthony the opportunity to find his next destination,

League sources say Memphis spent the weekend actively trying to shed the contract of newly acquired Cole Anthony, who joined the Grizzlies as part of the Desmond Bane trade with Orlando, by finding a trade partner willing to absorb his salary.

The Memphis Grizzlies plan to move on from Cole Anthony to create cap space for a Jaren Jackson Jr. extension as Cam Spencer inks new deal.